Updated January 2019-New York
According to FINRA records, Nathaniel Royce Clay , a broker with Laidlaw & Company, discloses a pending customer dispute, 5 prior customer disputes, a termination from employment and an outstanding judgement lien.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Clay has been registered with Laidlaw & Company since 11/2015. Prior to that he was registered with National Securities Corporation from 7/2008-11/2015.
FINRA records reveal he was ‘permitted to resign’ from National Securities Corp in 11/ 2015 after an internal review determined that Clay misappropriated non-public customer information.
In currently pending FINRA Case 15-03001 a customer of National Securities Corp. alleges that Clay made unauthorized trades, breached his fiduciary duty and was negligent. The customer seeks damages of $513,218.
If you have losses in an account handled by Nathaniel Royce Clay, contact us to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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