Nathan Gersteen Katz, Formerly of Triad Investors, Barred by FINRA Following Refusal to Produce Information

Katz was being investigated by FINRA based on allegations of unsuitable recommendations, forging signatures, and failure to timely disclose certain judgments and liens. 

Nathan Gersteen Katz (CRD#: 846475) was registered as a broker with American Independent Securities from 2018 until 2021. Previously, Katz was registered as a broker with Triad Advisors from 2001 until 2018.

Katz has 13 disclosures on his BrokerCheck report.

June 2021 Regulatory Judgment

• Initiated By: FINRA
• Allegations: Without admitting or denying the findings, Katz consented to the sanction and to the entry of findings that he refused to produce information and documents requested by FINRA in connection with its investigation into his 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.
• Resolution: Acceptance, Waiver & Consent (AWC)
• Sanctions: Bar
• Registration Capacities Affected: All Capacities
• Duration: Indefinite
• Start Date: 6/25/2021

February 2021 Customer Dispute

• Status: Pending
• Allegations: Mismanagement of account and unprofessional behavior.
• Damage Amount Requested: $450,000.00

January 2021 Employment Separation After Allegations

• Firm Name: American Independent Securities Group, LLC
• Termination Type: Discharged
• Allegations: Exercising discretion in a client’s account without written authorization and conduct inconsistent with AISG’s policies.

August 2018 Employment Separation After Allegations

• Firm Name: Triad Advisors LLC
• Termination Type: Discharged
• Allegations: A signature irregularity was noted on a customer document and prompted an internal review, which included an on site field audit and discussions with the Representative.

August 2018 Judgment / Lien

• Judgment/Lien Amount: $99,264.94
• Judgment/Lien Type: Tax

July 2015 Judgment / Lien

• Judgment/Lien Amount: $30,707.42
• Judgment/Lien Type: Tax

December 2014 Judgment / Lien

• Judgment/Lien Amount: $311,524.87
• Judgment/Lien Type: Tax

April 2011 Judgment / Lien

• Judgment/Lien Amount: $50,191.00
• Judgment/Lien Type: Tax

April 2002 Customer Dispute

• Status: Settled
• Allegations: Client verbally alleges unauthorized trading by his broker. Damages unspecified.
• Settlement Amount: $23,636.09

May 2001 Customer Dispute

• Status: Settled
• Allegations: The clients allege: without consent and authorization of [clients], Mr. Katz proceeded to buy 3500 shares at $16.00/share, 1500 shares at $16.00/share of Krolla-Gara, and Arbitrage Stock. Clients also allege that he purchased 5000 shares at $8.50/share of Interdent and 300 shares at $25.375 of Russ Berry, and that he failed to buy the zeros back at the time. The client demands $90,000 in compensation. The time period specified as the end of calendar year 1999.
• Damage Amount Requested: $90,000.00
• Settlement Amount: $17,500.00

March 2001 Employment Separation After Allegations

• Firm Name: Paine Webber
• Termination Type: Discharged
• Allegations: Exercising discretion in a client’s account without written authorization and conduct inconsistent with Paine Webber’s policy regarding position limitations on a security.
• Broker Comment: Executed an order in the wife’s account with the husband’s permission, and realized after the fact that I had not received the letter of authorization from the wife as I had thought.

March 2001 Customer Dispute

• Status: Settled
• Allegations: Client alleges insider trading; the use of a collar strategy that prevented him from maximizing his profit; to Arbitrage stocks that dropped in value and his being forced to remove his account from Paine Webber. None of these allegations are true. Client upset by losses.
• Damage Amount Requested: $4,200,000.00
• Settlement Amount: $275,000.00

January 2001 Customer Dispute

• Status: Settled
• Allegations: Client alleges that FA purchased securities without his authorization, failed to follow client’s instructions and made misrepresentations to him with regard to the purchase of a bond. Damages unspecified but estimated to be over $5,000.
• Settlement Amount: $7,500.00

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Nathan Gersteen Katz. 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.