FINRA Bars Zachary Bader

Finra bars Zachary Bader.

Judge holding gavel

In January, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Zachary Bader of West Babylon, NY formerly with National Securities Corp. and Craig Scott Capital  submitted an acceptance, waiver and consent letter whereby he was barred from association with any FINRA member in any capacity. The FINRA complaint alleged that Bader engaged in excessive and unsuitable trading in client accounts in regards to exchange traded notes.  FINRA found that Bader failed to conduct his own due diligence into the notes, and did not have a reasonable basis to recommend it to his clients.

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Zachary Bader was registered with:

08/2013 – 08/2014
NATIONAL SECURITIES CORPORATION
02/2012 – 08/2013
CRAIG SCOTT CAPITAL, LLC
03/2011 – 02/2012
BROOKSTONE SECURITIES, INC.

According to FINRA’s CRD disclosure report, Zachary Bader has been the subject of five customer complaints and two regulatory investigations.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.