Investors Accuse National Planning Of Excessive Trading
Karl Thomas Crytser of Trenton New Jersey a stockbroker formerly registered with National Planning Corporation is referenced in a customer initiated investment related written complaint on August 25, 2015 in which the customer requested $27,000.00 in damages based upon allegations that (1) unsuitable mutual fund trades were effected in the customer’s account (2) transactions were executed on an excessive basis and (3) the customer was provided adequate information about the terms and conditions of her purchased investments.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Crytser is referenced in two more customer initiated investment related disputes pertaining to accusations of Crytser’s misconduct. In particular, on August 24, 2004, a customer filed an investment related complaint concerning Crytser’s activities where the customer sought unspecified damages founded on allegations that Crytser failed to abide by the customer’s instructions, causing the customer to incur financial losses.
Then, a customer initiated investment related arbitration claim concerning Crytser’s activities was resolved for $45,000.00 in damages based upon accusations that Crytser negligently managed the customer’s account, making unsuitable investment recommendations to the customer concerning variable annuities, mutual funds, and a conversion to a Roth IRA. National Association of Securities Dealers (NASD) Arbitration No. 06-03779 (Nov. 7, 2007).
Crytser’s registration with National Planning Corporation has been terminated as of November 10, 2017. Since November 6, 2017, Crytser has been employed by Securities America, Inc.
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