Wade Theo Papas Investigation
April 2023-New York, NY
According to publicly available records Wade Theo Papas, a former National Securities Corporation broker discloses 2 pending customer disputes.
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.
In recently filed FINRA case #22-00739, a National Securities Corporation customer, alleges that the recommendation to invest in ARC NYC REIT was not suitable and is seeking damages of $200,000. The case is currently pending.
In FINRA case #20-04218, a National Securities Corporation customer, alleges the recommendation to invest in a real estate security wa not suitable and is seeking damages of $86,000. The case is pending.
Papas was employed by National Securities Corporation from 4/2013-7/2022. He is currently registered with Ceros Financial Services.
If you have losses in an account handled by Wade Theo Papas , contact us for a no charge consultation 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.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870