Christopher Ortiz, Broker for National Securities Corporation, Named in $265k Customer Dispute Alleging Unsuitability

Ortiz is accused of recommending unsuitable private placements.

The Sonn Law Group is investigating allegations that Christopher Ortiz recommended unsuitable private placements. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Christopher Ortiz (CRD#: 2858626) is currently a broker at National Securities Corp., where he has been employed since 2004. 

In February 2020, Ortiz was named in a customer dispute seeking $265,000 in damages based on allegations of “suitability”. The dispute is still pending. This is the only disclosure on his BrokerCheck report. Previously, Ortiz was employed by Continental Broker-Dealer Corp., Seaboard Securities, and VTR Capital, all of which have since been expelled by FINRA.

A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an initial public offering (IPO) for a company seeking to raise capital for expansion. The advantage for the offerer of private placements is there are few regulatory requirements, no need for an annual disclosure, and they are not registered with the Securities and Exchange Commission (SEC). 

Instead of a prospectus, private placements are sold using a private placement memorandum (PPM). The advantage for the investor is a higher rate of interest that can be earned than on a traditionally publicly-offered security; however, because of the lack of regulations, they are inherently riskier investments.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Christopher Ortiz recommended unsuitable private placements. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.