Advisor Alert: Our Attorneys Are Investigating Hagop Jack Nalbandian For Investment Fraud
Did You Lose Money Because of Hagop Nalbandian?
Filed: March 4, 2024
Hagop Nalbandian currently has one (1) pending customer complaint. Overall, he has been the subject of six (6) customer complaints and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Hagop Jack Nalbandian.
Who Is Hagop Jack Nalbandian of Western International Securities, Inc.?
- Advisor Name: Hagop Jack Nalbandian
- Aliases: Hagop Nalbandian
- CRD: 2921246
- Location: Encino, California
- Current Employer: Western International Securities, Inc.
- Previous Firms: Financial West Group, Linsco/Private Ledger Corp., and Essex National Securities, Inc.
- Number of Known Customer Complaints: 6
- Number of Known Termination Events: 1
- Can Hagop Nalbandian Be Sued: Yes, in Private Arbitration
- Can Hagop Nalbandian’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $99,960
- Highest Settlement: $150,000
If you have suffered investment losses by Hagop Nalbandian, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Hagop Nalbandian For Broker Misconduct
As of this publication date, Hagop Nalbandian has been the subject of 6 customer disputes and 1 termination event. Let’s review them below.
In January 2024, a FINRA arbitration was filed against or in reference to Hagop Nalbandian by a customer of Western International Securities, Inc. alleging misrepresentation of investment. Per the customer, he/she lost over $5,000 because of Mr. Nalbandian’s actions. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to Hagop Nalbandian by a customer of Western International Securities, Inc. alleging unsuitability and negligence. Per the customer, he/she lost over $5,000 because of Mr. Nalbandian’s actions. On December 8, 2023, Mr. Nalbandian settled the claim for $150,000, and some or all of this amount may have been paid by Mr. Nalbandian’s employer and/or insurance carrier.
In December 2021, a FINRA arbitration was filed against or in reference to Hagop Nalbandian by a customer of Western International Securities, Inc. alleging unsuitability. Per the customer, he/she lost over $5,000 because of Mr. Nalbandian’s actions. On December 23, 2022, Mr. Nalbandian settled the claim for $108,500, and some or all of this amount may have been paid by Mr. Nalbandian’s employer and/or insurance carrier.
In June 2015, a complaint was filed against or in reference to Hagop Nalbandian by a customer of Western International Securities, Inc. alleging potential gains from other investments that should have been purchased. Per the customer, he/she lost over $90,000 because of Mr. Nalbandian’s actions. On August 28, 2015, Mr. Nalbandian settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Nalbandian’s employer and/or insurance carrier.
In September 2007, Linsco Private Ledger terminated Hagop Nalbandian for allegedly forging the client’s signature on withdrawal form to take his 2006 RMD from a Jackson National Annuity.
In July 2007, a complaint was filed against or in reference to Hagop Nalbandian by a customer of Linsco Private Ledger alleging that Mr. Nalbandian forged the client’s signature on withdrawal form to take his 2006 RMD from a Jackson National Annuity. Per the customer, he lost over $99,960 because of Mr. Nalbandian’s actions. On April 17, 2008, Mr. Nalbandian settled the claim for $16,250, and some or all of this amount may have been paid by Mr. Nalbandian’s employer and/or insurance carrier.
In March 2007, a complaint was filed against or in reference to Hagop Nalbandian by a customer of Linsco Private Ledger alleging that purchase of a floating rate bond fund in May 2006 was unsuitable and required him to withdraw funds from an annuity in december 2006 to satisfy required minimum distributions from his IRA, leading to loss of $30,000.00 of insurance coverage. Per the customer, he lost over $5,000 because of Mr. Nalbandian’s actions. On April 17, 2008, Mr. Nalbandian settled the claim for $16,250, and some or all of this amount may have been paid by Mr. Nalbandian’s employer and/or insurance carrier.
How To File A Claim Against Hagop Nalbandian of Western International Securities, Inc. (previously with Financial West Group, Linsco/Private Ledger Corp., and Essex National Securities, Inc.) To Get Your Money Back
If you have questions about Hagop Nalbandian, Western International Securities, Inc., Financial West Group, Linsco/Private Ledger Corp., Essex National Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.