Victim of Financial Fraud? Call Now

Investor Claims Hagop Nalbandian Recommended Unsuitable Investments

Mar 21, 2022 Unsuitable Investments

Hagop Nalbandian (CRD #: 2921246), a broker registered with Western International Securities, Inc., is facing allegations of unsuitable investment recommendations. This information is drawn from Hagop Nalbandian’s BrokerCheck record, accessed on March 20, 2022. You can find more information below about Hagop Nalbandian’s conduct as a broker.

Unsuitable Investment Allegations

On December 29, 2021, an investor filed a complaint alleging that Hagop Nalbandian made unsuitable investment recommendations. The dispute is pending.

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Financial goals
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status

Background Information

Hagop Nalbandian has passed the following exams:

  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Hagop Nalbandian is currently registered as a broker in 5 states.

He has worked for the following firms:

  • Financial West Group (CRD #:16668)
  • Linsco/Private Ledger Corp. (CRD #:6413)
  • Essex National Securities, Inc. (CRD #:25454)
  • Citicorp Investment Services (CRD #:23988)
  • Cal Fed Investments (CRD #:19631)
  • Biltmore Securities, Inc (CRD #:25023)

Kurta Law Can Help

If you worked with Hagop Nalbandian and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

Recent Results

$16.75M

Million

Recovery for ARC NYC REIT Investors
Learn More
Kurta Law recovered millions of dollars for investors who purchased the speculative and unsuitable ARC NYC REIT. The arbitration settled for substantially more than the investor losses.

Recent Results

$9.3M

Million

Investors Receive Award for More than their Losses
Learn More
Jonathan Kurta was able to recover over $9.3 million for a group of defrauded investors. The claims were based upon the brokerage firm’s failure to supervise a stockbroker who stole client funds and then prepared and disseminated fake account statements for decades.

Recent Results

$7.1M

Million

Elderly Victims Recover After a Decade of Fraud
Learn More
Jonathan Kurta represented a group of elderly women who were the victims of a financial crime perpetrated by a rogue broker. The broker utilized forged documents to steal funds from the clients’ accounts over a decade.

Recent Results

$4.2M

Million

Investor vs. Royal Alliance
Learn More
Jonathan Kurta represented an investor who alleged that Royal Alliance Associates had not fulfilled their supervisory duties. This allegedly allowed brokers to engage in conversion and RICO violations. Read a copy of the award here.

Recent Results

$1M

Million

Utah Firm Executed Unnecessary Transaction
Learn More
A FINRA panel sided with Kurta Law and found that a Utah brokerage firm executed unnecessary transactions in order to generate more commissions. Read a copy of the award here.

Recent Results

$2M

Million

Arizona Investors Options Trading Scam
Learn More
Kurta Law negotiated a $2 million settlement on behalf of Arizona investors who were defrauded in an options trading scam.

Categories