Nathan Sachs Involved in Unsuitability Dispute
Nathan Sachs (CRD #:6148951), a broker registered with Northwestern Mutual Investment Services, was involved in an investor dispute, according to his BrokerCheck record accessed on April 5, 2022.
On December 9, 2021, Nathan Sachs was named in an investor dispute alleging unsuitability and misrepresentation with respect to his client’s investment and insurance portfolio. The allegations further state that Nathan Sachs was allegedly negligent in managing his client’s portfolio and that he also failed to create a financial plan in his customer's best interests. The case was settled for $103,341.70.
FINRA Rules 2111 and 2020
Brokers who recommend securities are subject to FINRA rules and regulations.
- FINRA Rule 2111 requires registered brokers to have a "reasonable basis" to believe that a transaction or investment strategy suits their client's needs.
- FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or persuading individuals to buy investments with misleading statements about their potential benefits.
- Nathan Sachs's alleged unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.
Nathan Sachs has passed the following exams:
- Series 65 - Uniform Investment Adviser Law Examination
- Series 63 - Uniform Securities Agent State Law Examination
- Series 7TO - General Securities Representative Examination
- SIE - Securities Industry Essentials Examination
- Series 6 - Investment Company Products/Variable Contracts Representative Examination
He is a registered broker in six states.
Besides Northwestern Mutual Investment Services, Nathan Sachs has not worked with any other firm.
Kurta Law Can Help
If you lost money while working with Nathan Sachs, don't hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
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