Securities Arbitration Lawyer Blog
FINRA has barred former Triad Advisors LLC broker Nathan Gersteen Katz from the securities industry. Mr. Katz was expelled from the brokerage industry for refusing to cooperate with a FINRA investigation into Mr. Katz’s alleged recommendations of short-term switching of mutual funds, forgery of customer signatures on switch letters, use of discretion without authorization, and failure to timely disclose certain judgments and liens.
If you have lost money with Nathan Gersteen Katz, or Triad Advisors LLC, contact New York securities arbitration lawyers Iorio Altamirano LLP for a free and confidential evaluation of your account.
FINRA Letter of Acceptance, Waiver, and Consent (“AWC”)
Nathan Gersteen Katz and FINRA entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) on June 25, 2021, after Mr. Katz refused to provide FINRA with information and documents requested pursuant to FINRA Rule 8210, in violation of FINRA Rules 8210 and 2010.
FINRA Rule 8210(a)(1) states, in relevant part, that FINRA may “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically . . . with respect to any matter involved in [a FINRA] investigation[.]” Further, FINRA Rule 8210(c) states that “[n]o . . . person shall fail to provide information . . . pursuant to this Rule.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.”
As a result of a sales practice examination, FINRA opened an investigation into Mr. Katz’s alleged recommendations of short-term switching of mutual funds, forgery of customer signatures on switch letters, use of discretion without authorization, and failure to timely disclose certain judgments and liens.
On May 17, 2021, in connection with its investigation, FINRA sent a request to Mr. Katz for the production of information or documents pursuant to FINRA Rule 8210.
Through his counsel’s email to FINRA on June 8, 2021, and by the AWC agreement, Mr. Katz acknowledged that he received FINRA’s request and indicated that he would not produce the information or documents requested at any time.
By refusing to produce the information or documents as requested pursuant to FINRA Rule 8210, Mr. Katz violated FINRA Rules 8210 and 2010.
Nathan Gersteen Katz (CRD#: 846475)
Mr. Katz has 42 years of experience in the securities industry. He entered the securities industry in December 1977 and was associated with several FINRA member firms between December 1977 and March 2001.
Mr. Katz was registered with Triad Advisors LLC in Largo, FL, between June 2001 and August 2018. On August 20, 2018, Triad filed a Uniform Termination Notice for Securities Industry Registration (Form U5) stating that it terminated Mr. Katz’s association with the firm for “failure to follow firm policies and procedures, including those related to customer signatures.”
Mr. Katz became registered with American Independent Securities Group, LLC (AISG) in Largo, FL, between October 2018 and January 2021. On January 25, 2021, AISG filed a Form U5 stating that it terminated Mr. Katz’s association with the firm for “[e]xercising discretion in a client’s account without written authorization and conduct inconsistent with AISG’s policies.”
His FINRA CRD shows one pending customer dispute seeking $450,000 in damages over “mismanagement of accounts and unprofessional behavior.”
How to Recover Losses or Obtain a Free Consultation
If you have lost money with Nathan Gersteen Katz, or Triad Advisors LLC, contact FINRA arbitration lawyers August Iorio and Jorge Altamirano of Iorio Altamirano LLP at august@ia-law.com, jorge@ia-law.com or toll-free at (855) 430-4010 for a free and confidential evaluation of your account.
Iorio Altamirano LLP is a securities arbitration law firm based in New York, NY. We pursue FINRA arbitration claims nationwide on behalf of investors to recover financial losses arising out of wrongful conduct by financial advisors and brokerage firms.