National Securities Corporation Fined by FINRA

The Financial Industry Regulatory Authority (FINRA) fined National Securities Corporation for allegedly acting as the placement agent for two private placements of its parent company, National Holdings Corporation. A private placement is a funding round of securities, which are not sold through a public offering, but rather through a private offering, mostly to a small number of chosen investors. Because they are unregistered securities, a member firm must disclose the selling compensation to be paid to the member in connection with the offering to the investors. You can sue National Securities Corporation for not abiding by FINRA rules. If you invested money in this Corporation, you may be able to hold them liable for money losses by calling us at 312-332-4200. We are securities attorneys based in Chicago, Illinois.

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