Israels & Neuman, PLC files FINRA Arbitration Claim against National Securities Corporation and registered representative Todd Joseph Henrich alleging Breach of Fiduciary Duty, Fraud, Failure to Supervise, and Churning Accounts.
FOR IMMEDIATE RELEASE Israels & Neuman, PLC announces that it has filed a Financial Industry Regulatory Authority (FINRA) Arbitration Claim against National Securities Corporation (CRD 7569) of Seattle, Washington and one its financial advisors, Todd Joseph Henrich (CRD 5931911), of Edison, New Jersey. The claim was filed in Denver, Colorado on behalf of Colorado residents.
The claim alleges that Israels & Neuman, PLC’s client were unsophisticated investors, who put a high level of trust with respect to the management of their retirement funds in Todd Henrich and National Securities Corporation. The claim further alleges that Todd Henrich and National Securities Corporation failed to make suitable investments for their clients, committed fraud with respect to their clients’ investments, violated the Colorado Securities Act, and made trades for the sole purpose of driving up commissions for Todd Henrich and National Securities Corporation. It is alleged that the decisions made by Todd Henrich and National Securities Corporation caused considerable financial damages to Israels & Neuman, PLC’s clients. The claim further alleges that National Securities Corporation failed to properly supervise Todd Henrich.
The FINRA arbitration lawsuit filed by Israels & Neuman, PLC, alleges that Todd Henrich also adopted an imprudent active trading strategy. According to the statement of claim, the high risk stocks that were purchased and sold by Henrich that resulted in the largest losses to Claimants were Amarin Corporation, PLC (“AMRN”) and Vringo, Inc. (“VRNG”).
According to Todd Henrich’s BrokerCheck Report (publicly available on FINRA’s website), Henrich recently had another client complain to National Securities that Henrich had caused losses to their portfolio in the amount $86,000.00, through alleged acts of misrepresentation, churning, and non-suitable investing.
Israels & Neuman, PLC is a securities arbitration law firm with offices in Denver, Colorado and the Seattle-area. Its national securities and investment fraud practice litigates securities fraud cases in every state. Its attorneys have represented over 1,000 investors in cases to recover investment losses due to churning, unsuitable, investments, fraud, and negligence. Israels & Neuman, PLC, are securities and investment fraud attorneys serving clients in Denver, Seattle, and all 50 states.
If you have been aggrieved or have lost money through an investment with National Securities Corporation or Todd Henrich, Israels & Neuman encourages you to contact our offices for a free, no obligation, consultation. Those individuals or business who have lost money through trading of Amarin Corporation, PLC (“AMRN”) and Vringo, Inc. (“VRNG”) should contact Israels & Neuman immediately.
Our attorneys will personally discuss with you all of your rights as an investor and what remedies you may have against Todd Henrich and National Securities Corporation. For more information, please call 720-599-3505, or visit www.israelsneuman.com.