- December 10, 2021
- National Securities Corp.
Nicholas Kraiko (CRD#: 5726415) is a previously registered Broker and previously registered Investment Advisor.
He entered the securities industry in 2009 and previously worked for National Securities Corporation; Princor Financial Services Corporation; and Edward Jones.
Current And Past Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in August 2021, FINRA sanctioned Nicholas Kraiko, barring him from all capacities indefinitely, beginning November 15, 2021 after he failed to respond to FINRA requests for information. The FINRA sanction states, “Pursuant to FINRA Rule 9552(h) and in accordance with FINRA’s Notice of Suspension and Suspension from Association letters dated August 11, 2021 and September 7, 2021, respectively, on November 15, 2021, Kraiko is barred from association with any FINRA member in all capacities. Kraiko failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.”
In addition, Nicholas Kraiko has been the subject of two disclosures, including one customer complaint that remains pending:
- June 2021–“Misrepresentation.” The customer dispute is pending.
- February 2021–“Registered Representative failed to cooperate and refused to provide requested documentation in the review and resolution of a customer complaint by a client of the firm.” Nicholas Kraiko was discharged by National Securities Corp.
For a copy of Nicholas Kraiko’s FINRA BrokerCheck, click here.
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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.
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