{"id":28348,"date":"2022-07-05T10:00:10","date_gmt":"2022-07-05T15:00:10","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=28348"},"modified":"2022-07-04T11:18:36","modified_gmt":"2022-07-04T16:18:36","slug":"national-securities-gpb-private-placements-fine","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/national-securities-gpb-private-placements-fine\/","title":{"rendered":"FINRA Fines National Securities $9M Over GPB Private Placement Sales"},"content":{"rendered":"

Broker-Dealer Ordered to Pay Customers More Than $625K in Restitution<\/span><\/h2>\n

The Financial Industry Regulatory Authority (FINRA) sanctioned National Securities Corporation for about $9M, including $4.77M disgorgement in net profits. The broker-dealer allegedly tried to artificially impact the market for GPB private placements involving several public offerings while serving as the underwriter. <\/span>GPB Capital Holdings<\/span><\/a> is accused of operating a more than $1.7B Ponzi scam that defrauded over 17,000 investors.\u00a0<\/span><\/p>\n

National Securities must pay over $625K in restitution for allegedly not disclosing certain material information to customers who bought GPB private placements. FINRA fined the firm $3.6M for alleged <\/span>broker misconduct<\/span><\/a> and other violations.\u00a0<\/span><\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Broker-Dealer Ordered to Pay Customers More Than $625K in Restitution The Financial Industry Regulatory Authority (FINRA) sanctioned National Securities Corporation for about $9M, including $4.77M disgorgement in net profits. The broker-dealer allegedly tried to artificially impact the market for GPB private placements involving several public offerings while serving as the underwriter. GPB Capital Holdings is […]<\/p>\n","protected":false},"author":2,"featured_media":28349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4102],"tags":[3188,4066,4346,4311],"class_list":["post-28348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gpb-capital","tag-gpb-capital-holdings","tag-gpb-private-placements","tag-national-securities","tag-national-securities-corp"],"yoast_head":"\nNational Securities Fined $9M Over GPB Private Placement Sales<\/title>\n<meta name=\"description\" content=\"National Securities are being fined $9M by FINRA over their involvement in selling GPB private placements to investors. 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