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Nathan Katz Barred by FINRA, Fired by American Independent Securities
Former Largo, Florida stockbroker Nathan Katz (CRD# 846475) was the subject of a recent Financial Industry Regulatory Action sanction connected to findings he refused to cooperate with an investigation into his conduct. The former American Independent Securities Group representative was barred from acting as a broker or otherwise associating with a broker-dealer firm.
According to a Letter of Acceptance, Waiver and Consent (No. 2018057352601) released in June 2021, Nathan Katz was registered with American Independent Securities Group from October 2018 until January 2021, when the firm disclosed his termination over allegations he exercised discretion in a customer account without written authorization, as well as “conduct inconsistent with AISG policies.” At an unspecified time, FINRA initiated an investigation into allegations he recommended short-term mutual fund switches, forged customer signatures, used unauthorized discretion, and failed to “timely disclose certain judgments and liens.” As part of this investigation, FINRA sent him a request on May 17, 2021 to produce documents and information. The AWC Letter states that Mr. Katz indicated to FINRA via counsel on June 8, 2021 that he was in receipt of its request but would not produce the requested materials “at any time.” FINRA found that his refusal constituted violations of FINRA Rules 8210 and 2010. It consequently barred him from associating with any FINRA member in any capacity.
Nathan Katz’s BrokerCheck report also discloses his termination from his former member firm Triad Advisors. In August 2018, according to the disclosure, Triad Advisors discharged him after “a signature irregularity was noted on a customer document and prompted an internal review, which included an on site field audit.”
According to the Financial Industry Regulatory Authority, Nathan Katz holds 42 years of securities industry experience. His past registrations include American Independent Securities Group (Largo, Florida; 2018-2021), Triad Advisors (Largo, Florida; 2001-2019), UBS Painewebber (Weehawken, New Jersey (1986-2001), Dean Witter Reynolds (1980-1986), Elkins & Company (1979-1982), and Merrill Lynch (1977-1979). His credentials include the passage of three securities industry qualification examinations: the Uniform Combined State Law Examination, or Series 66; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. He presently holds no state licenses. (Information accessed on January 10, 2022.)
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