{"id":10798,"date":"2022-09-07T10:47:21","date_gmt":"2022-09-07T14:47:21","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10798"},"modified":"2022-09-07T10:47:21","modified_gmt":"2022-09-07T14:47:21","slug":"national-securities-is-now-part-of-b-riley-wealth","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/national-securities-is-now-part-of-b-riley-wealth\/","title":{"rendered":"National Securities Is Now Part of B. Riley Wealth"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"Boca Raton-based National Securities Corporation (NSC) has announced that it is closing its doors after 75 years. The recent announcement came after the firm filed termination papers with FINRA. The company\u2019s representatives and advisors are now part of the company that began buying National Securities, B. Riley Wealth Management.  Although National Securities is closing, it appears to be a merger with B. Riley. The company bought a large stake in the parent company, National Holdings Corporation in 2018. In 2021, B. Riley purchased the remaining shares. The resulting merger has 900 representatives and $29 billion in client assets.  FINRA Sanctions National Securities Corporation   On June 23, 2022, FINRA issued sanctions against National Securities Corporation totaling $9 million that includes:  Disgorgement of $4.77 million Restitution of $625,000 to customers who purchased private placements\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Boca Raton-based <a href=\"https:\/\/www.silverlaw.com\/blog\/national-securities-faces-finra-penalty-of-663k-for-private-placements\/\" target=\"_blank\">National Securities Corporation (NSC)<\/a> has announced that it is closing its doors after 75 years. The recent announcement came after the firm filed termination papers with FINRA. The company\u2019s representatives and advisors are now part of the company that began buying National Securities, B. Riley Wealth Management. <a href=\"https:\/\/www.silverlaw.com\/blog\/national-securities-is-now-part-of-b-riley-wealth\/#more-10798\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boca Raton-based National Securities Corporation (NSC) has announced that it is closing its doors after 75 years. The recent announcement came after the firm filed termination papers with FINRA. The company\u2019s representatives and advisors are now part of the company that began buying National Securities, B. Riley Wealth Management. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,577],"tags":[],"class_list":["post-10798","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-finra-disciplinary-actions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Securities Is Now Part of B. Riley Wealth &#8212;<\/title>\n<meta name=\"description\" content=\"National Securities Corporation is closing its doors after 75 years. Its reps and advisors are now part of B. Riley Wealth Management.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/national-securities-is-now-part-of-b-riley-wealth\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"National Securities Is Now Part of B. Riley Wealth &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"National Securities Corporation is closing its doors after 75 years. Its reps and advisors are now part of B. 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Riley Wealth Management.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/national-securities-is-now-part-of-b-riley-wealth\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/national-securities-is-now-part-of-b-riley-wealth\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"National Securities Is Now Part of B. 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