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National Securities Corp. Broker, William Braun, Has Seven Disclosed Customer Complaints, Including Five Pending Complaints

William Braun (CRD # 1271500) is a Financial Advisor at National Securities Corp. in Boca Raton, FL.  William Braun has been in the securities industry since 1984 and previously worked at Janney Montgomery Scott and JW Genesis.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), William Braun has seven disclosed customer complaints during his career, including five pending complaints, alleging sales practice misconduct.  Among the customer complaints are the following:

  • November 2019—“Unsuitable recommendation with regard to a private placement.” Alleged damages are $200,000 and the dispute remains pending.
  • November 2019—“Breach of fiduciary duty, negligence, unsuitable recommendations.” Alleged damages are $75,000 and the dispute remains pending.
  • November 2019—“Breach of fiduciary duty, negligence, unsuitable recommendations.” Alleged damages are $100,000 and the dispute remains pending.
  • November 2019—“Breach of fiduciary duty, negligence, unsuitable recommendations.” Alleged damages are $65,000 and the dispute remains pending.
  • October 2018—“Breach of fiduciary duty, negligence, unsuitable recommendations.” Alleged damages are $200,000 and the dispute remains pending.

In addition, in 1998, William Braun was censured by the State of Wisconsin for selling unregistered securities.

For a copy of William Braun’s CRD, click https://brokercheck.finra.org/individual/summary/1271500#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, 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 mwolper@wolperlawfirm.com.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]