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Frank Louis Avallone with National Securities Corporation Has 2 Customer Complaints for Alleged Broker Misconduct in the Past Year

Who is Frank L. Avallone with National Securities Corporation?

Frank Avallone (CRD #4814368) who is currently registered with National Securities Corporation and located in South Norwalk, Connecticut is a subject of one of our many securities industry sales practice abuse investigations.  

Prior to National Securities Corporation, Frank Avallone was associated with Newbridge Securities Corporation and 4 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

National Securities Corporation Broker Misconduct

In his career, Frank Avallone has been the subject of 4 customer complaints that we know about, 2 of those complaints were filed in the last year to recover investment losses. Two of Frank Avallone’s 4 customer complaints were settled in favor of investors.

One of the customer complaints was recently denied by his current employer, and to date, the customer is not taking any further action There is currently one pending customer complaint filed against Frank Avallone’s current employer National Securities Corporation for investment losses caused by his alleged misconduct.

Allegations Against Frank Avallone  

A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:

  • The customer alleged unsuitable investment recommendations, breach of, churning, violation of FINRA conduct rules connection with over-the-counter common stock and the trust fund transactions.
  • The customer alleged that Frank Avallone in unsuitable investment recommendations and churned his account.
  • The customer alleged that Frank Avallone an unsuitable recommendation to invest in a private placement.
  • Claimant alleged unsuitable over-the-counter stock investment recommendations.

Frank Avallone Red Flags & Your Rights As An Investor

Of course, Frank Avallone did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags that should put all current and former customers of Frank Avallone at National Securities Corporation and Newbridge Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Frank Avallone has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at National Securities Corporation also raises questions about its supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim to Recover Your Investment Losses At National Securities Corporation

If you have questions about National Securities Corporation, Newbridge Securities Corporation, and/or Frank Avalloneand the management or performance of your accounts please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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