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RODRIGUE LORS of National Securities Accused of Unsuitable Investments
WESTBURY, NY
Have you lost money with financial advisor Rodrigue Lors, formerly with National Securities Corp. and now with Wilmington Capital Securities in Westbury, New York? We are looking into allegations made against Rodrigue Lors. Lors has been the subject of seven customer complaints, five of which have been made since 2020. Lors was alleged to have sold unsuitable investments in private placements and PIPES (private investment in public equity).
Rodrigue Lors was with National Securities Corp. from 2007 to October 2017. He has been with Wilmington Capital Securities from October 2017 to the present. He has worked at branch offices in Westbury, New York.
Brokerage firms like National Securities Corp. have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against National Securities Corp.