- February 28, 2022
- National Securities Corp.
Christopher Bond (CRD#: 4658534) is a dually registered Broker and Investment Advisor at National Securities Corp. in Melville, NY.
Christopher Bond entered the securities industry in 2003 and previously worked for Gunnallen Financial, Inc.; and Ehrenkrantz King Nussbaum, Inc.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in February 2022, FINRA sanctioned Christopher Bond, fining him $5,000 and suspending him from all capacities for 15 business days beginning March 7, 2022 and ending March 25, 2022. The FINRA sanction states, “Without admitting or denying the findings, Bond consented to the sanctions and to the entry of findings that he exercised discretion without written authorization with respect to securities transactions in customer accounts. The findings stated that although the customers gave Bond oral or implicit discretion to purchase or sell securities, none of the customers provided prior written authorization for him to exercise discretion in their accounts. In addition, Bond’s member firm did not accept any of the customer accounts as discretionary accounts, and in fact did not permit discretionary trading in non-advisory accounts. Subsequently, Bond stated on a firm compliance questionnaire that he had not engaged in discretionary trading.”
For a copy of the FINRA sanction, click here.
In addition, Christopher Bond has been the subject of two customer complaints and other regulatory disclosures, including the following:
- February 2020 – “Suitability.” The customer dispute was settled for $75,000.
- September 2016 – “SUITABILITY, POOR RECOMMENDATION POOR ADVICE.” The customer dispute was closed with no action.
- January 2012 – “OPERATING A MOTOR VEHICLE WHILE IN AN INTOXICATED CONDITION.” Christopher Bond pled guilty to an amended charge as follows: “OPERATING MV UNDER INFLUENCE DRUG OR ALCOHOL VTL119.3 03 UM.”
- June 2008 – “AGGRAVATED UNLICENSED OPERATOR 1ST DEGREE – VTL 5113. 03; NOT INVESTMENT RELATED.” Christopher Bond pled guilty to an amended charge as follows: “PLED GUILTY TO VTL 1192.2 02 – OPERATE MOTOR VEHICLE WITH .08 OF 1% ALCOHOL.”
For a copy of Christopher Bond’s FINRA BrokerCheck, click here.
We Help Investors Recover Investment Losses
FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.
In addition, to the extent a financial advisor converts client assets during the course and scope of his employment and/or registration with the brokerage firm, that brokerage firm may be held liable for any attendant losses.
The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, P.A., is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at email@example.com.