Securities Lawyers Blog
If you have lost money in your accounts at Navaid Financial Services, Inc., you may be asking whether you can sue your financial advisor or your brokerage firm. The investment loss attorneys at Gana Weinstein LLP help investors answer that question every day. Brokerage firms are responsible for supervising their brokers, and when a firm fails to supervise, misrepresents an investment, or recommends unsuitable investments, the investor can file a FINRA arbitration claim to recover investment losses.
Navaid Financial Services is a retail broker-dealer providing brokerage accounts and transactions in equities, exchange-traded funds, mutual funds, fixed income and municipal securities. Organized in 1995 and registered since 1997, the individually owned firm is headquartered in Haddonfield, New Jersey.
Navaid Financial Services, Inc. – By the Numbers:
- CRD #: 42607
- Regulatory Events: 1
- Broker Employees: 4
Navaid Financial Services, Inc. – In the News:
FINRA v. Navaid Financial Services, Inc. (Case #2024082010601) – From May 29, 2018 through July 23, 2024, Navaid failed to include the Non-Transaction-Based Compensation (NTBC) indicator when reporting 12,066 municipal securities transactions to the MSRB’s Real-Time Transaction Reporting System (RTRS), in violation of MSRB Rule G-14. Additionally, from at least May 29, 2018 to June 30, 2025, the firm failed to establish and maintain a supervisory system, including written supervisory procedures, that was reasonably designed to ensure compliance with MSRB Rule G-14, in violation of MSRB Rule G-27. For these violations, Navaid is censured and fined $35,000.
The securities fraud attorneys at Gana Weinstein LLP have represented investors throughout the country in claims against brokerage firms and stockbrokers. If you have questions about how to file FINRA arbitration against a brokerage firm such as Navaid Financial Services, Inc. or what damages you can recover, call us for a free consultation.