Unsuitable Investment Recommendations With former National Securities Corporation Broker John Gaffney

National Securities Corporation

Erez Law is currently investigating former National Securities Corporation broker John Gaffney (CRD# 2827905) who is accused of unsuitable investment recommendations. He was registered with Cetera Advisors LLC in Wildwood, Florida from January to October 2022. Previously, he was registered with:

  • B. Riley Wealth Management in Boca Raton, Florida from 2021 to 2022
  • National Securities Corporation in Wildwood, Florida from 2019 to 2022
  • National Securities Corporation in Lady Lake, Florida from September to October 2018
  • LPL Financial LLC in Whippany, New Jersey from 200 7to 2018

John Gaffney Customer Complaints

He has been the subject of two customer complaints between 2008 and 2022, one of which was denied, according to his CRD report:

May 2022. “Alleging suitability problems with an options investment strategy.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint took place while he was registered with National Securities Corporation and was regarding common and preferred stocks. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, National Securities Corporation may be liable for investment or other losses suffered by John Gaffney’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.

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