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Articles Tagged with National Securities Corp

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Denise DeBlasio (CRD #1051236) has been employed with National Securities Corp since December 2014.  Previous employment includes J.P. Turner & Company, LLC from November 2008 to December 2014 and First Montauk Securities Corp. from February 1990 to November 2008.

Leon-Vaccarelli-Fined-and-Sanctioned-by-FINRA-300x199-1-300x199DeBlasio was assessed a deferred fine of $10,000 and suspended from association any FINRA member in all capacities for four months. Without admitting or denying the findings, DeBlasio consented to the sanctions and to the entry of findings that she did not disclose to her member firm her fiduciary appointments for its customer, which occurred prior to her association with the firm, and provided inaccurate and misleading answers in response to inquiries from the firm regarding these appointments. The findings stated that DeBlasio was appointed as the power of attorney, health care representative, executor and beneficiary for the customer and she was the registered representative assigned to the customer’s account. The firm’s WSPs prohibited its registered representatives from acting in a fiduciary capacity for any customer, other than a relative, and explained that acting in a fiduciary capacity for a customer other than an immediate family member, such as a parent, spouse or child, may create insurmountable conflicts of interest. Prior to associating with the firm, DeBlasio completed an application for association. Although the application for association required DeBlasio to identify, among other things, whether she was named as trustee or executor for any account on which she would be the registered representative of record, she did not disclose the appointments.

The suspension was in effect from May 7, 2018, through September 6, 2018.

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Securities Arbitration Claims Against National Securities Corp. on silverlaw.comAccording to some reports, nearly 1/3 of National Securities brokers have had regulatory issues, legal disputes, or personal financial problems that have been disclosed to investors

National Securities Corporation is one of the oldest financial firms in the U.S., dating back over 70 years. Its the main office is in Seattle, Washington, but the company has licenses to operate in every state in the country, as well as the District of Columbia, Puerto Rico, and the Virgin Islands.

National Securities Corporation is registered with the SEC and three self-regulatory organizations: Nasdaq, Cboe BZX Exchanged, Inc., and the Financial Industry Regulatory Authority (FINRA) – and it is with the latter agency that the company has come under intense scrutiny over the last couple of decades.

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