Founded in 1998, National Financial Partners (NYSE: NFP) is a network of independent financial advisors consisting of owned member firms across the U.S., Puerto Rico, and in Canada. Publicly traded since 2003, NFP’s financial advisors specialize in life insurance and wealth transfer, corporate and executive benefits, and financial planning and investment advisory services. NFP Securities is a registered broker-dealer and a wholly owned subsidiary of National Financial Partners. Based in Austin, TX, NFP Securities has a network of over 1000 independent registered representatives nationwide.
A securities brokerage firm licensed by FINRA, NFP Securities has a legal duty to supervise its brokers and its brokers’ recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages because of such wrongdoing, the firm may be held liable for the investor’s losses.
NFP Advisors Investment Fraud & Misconduct
In January 2014, a law firm filed an arbitration claim against NFP Securities alleging an inappropriate recommendation and selling risky investments to an elderly investor. The financial advisor was registered with NFP Advisors. The advisor solicited the retired woman and asked her to invest most of her net worth into multiple risky investments.
In June of 2014, another law firm filed a claim against NFP Securities on behalf of two elderly investors. The elderly investors reported approximately $175,000 in losses. According to the legal action, NFP and one of its registered financial advisors recommended unsuitable investment.
Recover Your Losses Caused by NFP Advisor Services Group
Meyer Wilson is a team of investment fraud lawyers that handle cases of:
- Investor losses
- Stockbroker fraud
- Investment misconduct
- Securities arbitration, and more
We have the experience, expertise, and resources you need to fight and recover your losses caused by investment misconduct. If you invested your money with NFP Securities or a broker registered through NFP Advisor Services Group and you lost money, contact our firm today.
We can represent clients in federal and state courts, in arbitration through The Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA), and private arbitration. If you are an international client, we may be able to represent you via FINRA arbitration.