National Securities Sued By Investors For Fraud

Kurt Anthony Stein of New York New York a stockbroker formerly employed by National Securities Corporation has been identified in a customer initiated investment related arbitration claim where the customer sought $35,000.00 in damages founded on accusations that misrepresentations were made to the customer by Stein concerning direct participation program interests or limited partnership interests purchased when the stockbroker was employed by National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03502 (Dec. 10, 2019).

This is not the first time that Stein has been accused of sales practice violations while associated with a securities broker dealer. FINRA Public Disclosure indicates that a customer initiated investment related arbitration claim pertaining to Stein was settled for $128,250.00 in damages supported by allegations that the customer had been sold collateralized debt obligations that had been misrepresented by the stockbroker while he was associated with Merrill Lynch Pierce Fenner Smith Incorporated.

Stein’s registrations with National Securities Corporation and National Assets Management Inc. have been terminated as of March 20, 2019. The stockbroker was registered with Palladium Capital Advisors LLC between March 20, 2019 and October 16, 2019. He has been registered with Quint Capital Corporation since September 27, 2019.