Securities Lawyers Blog
Our law firm represents individual and institutional investors that have been mistreated by their brokers and brokerage firms, such as Nationwide Investment Services Corporation. Many investors do not recognize broker misconduct in their accounts, and those that do are often hesitant to seek help. Broker misconduct spans many issues that violate industry rules, including unauthorized trading, breach of fiduciary duty, unsuitable asset allocation, and churning. The attorneys at Gana Weinstein LLP can analyze your accounts and investments to determine if there was misconduct in the handling of your account.
Nationwide Investment Services Corporation is a broker-dealer that underwrites mutual funds, sells variable life insurance and annuities, and provides wholesaling and marketing services for Nationwide affiliates along with educational services for retirement plan sponsors and participants. Formed in Oklahoma in 1974 and headquartered at One Nationwide Plaza in Columbus, Ohio, the firm is owned by Nationwide Life Insurance Company and ultimately by Nationwide Mutual Insurance Company, and it is registered in 52 states and territories.
Nationwide Investment Services Corporation – By the Numbers:
- CRD #: 7110
- Regulatory Events: 4
- Arbitration Events: 1
- Broker Employees: 2,153
Nationwide Investment Services Corporation – In the News:
FINRA v. Nationwide Investment Services Corporation (Case #2014041901001) – During a standard server refresh in July 2013, the email retention and supervision program used by Respondents was not properly reloaded on two of 87 email servers due to human error. Despite efforts to recover the emails after the issue was discovered in the spring of 2014, approximately 547,000 emails sent or received between July 2013 and April 2014 were lost, affecting the emails of 359 representatives of NISC and nine representatives of NFD. By reason of the foregoing, Respondents violated Securities Exchange Act Rule 17a-4 and FINRA Rules 4511 and 2010.
Gana Weinstein LLP has successfully litigated broker disputes through verdict or settlement. We represent both individuals and institutions throughout the country in FINRA arbitration, as well as commercial litigation in state and federal courts. Our consultations are both free and thorough and our securities litigation attorneys can help you uncover wrongful activity in your account.