National Investment Fraud Lawyers

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National Securities Corporation Broker Rushdi Zalatimo Private Placement Losses

Posted on Wednesday, January 29th, 2020 at 9:58 pm    

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National Securities Corporation broker Rushdi Zalatimo (CRD# 3105039) is accused of private placement losses. Zalatimo has been registered with National Securities Corporation in Jersey City, New Jersey since 2001.

Zalatimo has been the subject of three customer complaints between 2001 and 2019, according to his CRD report. The most recent complaint is regarding:

September 2019. “Breach of fiduciary duty, negligence & unauthorized trading.” The customer is seeking $200,000 in damages and the case is currently pending. The case is regarding private placements.

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 Zalatimo’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.