Rare Opportunities exposed widow to substantial losses - Claim Alleges
NATIONAL HOLDINGS CORP (NHLD)
US:NASDAQ Investor Relations:
nhldcorp.com
Company Research
Source: PR Newswire
FT. LAUDERDALE, Fla., April 11, 2017 /PRNewswire/ -- The law firm of Securities Fraud Attorney Mark A. Tepper has filed claim against National Securities Corporation, a subsidiary of National Holdings Corporation (NASDAQ: NHLD), on behalf of a retired widow. The claim seeks recovery of substantial losses suffered by the widow from the broker's rare opportunities. "Presenting them as rare opportunities, Respondent recommended three high-risk, high-fee, private placements a/k/a unregistered offerings which far exceeded [the widow's] documented "moderate" risk tolerance," the Claim alleges.When she did not understand the recommendations, the broker "emailed links to websites for [the widow] that said how wonderful these opportunities were," the Claim contends."Each unregistered offering had no or limited liquidity or exit strategy. These recommendations were unsuitable for [the widow], a retired investor with limited investment knowledge, whose financial situation and needs required inco
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