There are options for customers of National Securities Corporation broker Willard Pugh (CRD# 1757428) who suffered investment losses. Pugh has been registered with National Securities Corporation in Boca Raton, Florida since 2016.
Pugh has been the subject of two customer complaints in 2020, according to his CRD report:
- July 2020. “Customers claim their investment in the UDF V REIT was unsuitable, over concentrated and an improper recommendation. Customers claim that inadequate due diligence was conducted in regards to the product.” The customer is seeking $155,000 in damages and the case is currently pending. The complaint is regarding real estate securities and the complaint took place while Pugh was registered with Dawson James Securities, Inc.
- June 2020. “Suitability.” The customer is seeking $300,000 in damages and the case is currently pending. The complaint is regarding private placements and took place while Pugh was registered with National Securities Corporation.
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 Pugh’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.