Two of Goldberg’s previous employers were expelled by FINRA in 1999: Monroe Parker Securities, Inc. (CRD#:31204) of Purchase, NY and Biltmore Securities, Inc (CRD#:25023) of Fort Lauderdale.
Registered in 30 states, he has been in the industry since 1993.
National Securities Corporation and Troy Goldberg
Between 11/6/2019 and 1/29/2020, six customer disputes were filed alleging Goldberg made “unsuitable recommendations” in regards to private placements. It is not indicated whether these cases are the same client or more than one. The total requested damages for these pending claims comes to $640,000. However it is noted that the customer was an accredited investor, and Goldberg isn’t a “named respondent” in the FINRA arbitration.
Private placements are investments that are similar to the IPO (initial public offering) but are not available to the public. These offerings can be made by the company issuing the securities, or by a broker who acts as a placement agent. While they are subject to federal and state regulations that govern the issuing of securities, financial information is not made public as it would be with an IPO. These shares, bonds, and other instruments are sold by the companies to raise capital, but with little information available for the investor. This also helps keep the company privately owned rather than “go public” and sell on the NYSE and other exchanges.
In a customer dispute filed on 12/11/2008, a client alleged that Goldberg engaged in “negligence, churning, unauthorized trading, unsuitability, and breach of contract.” The client requested damages of $300,000, and the company settled the case for $11,500.00 for compensatory damages.
Similar allegations were listed in two previous disputes filed in May and February of 2007, both of which were settled. Both claims requested damages of $120,000; the claims were settled for $60,000 and $70,000, respectively. Goldberg denies the allegations in both cases.
Boca Raton, Florida Securities and Investment Fraud Attorneys
Silver Law Group’s Boca Raton securities and investment fraud attorneys can meet with you in person or remotely to discuss your legal rights. Our attorney’s are passionate investor advocates and regularly represent investors in stockbroker misconduct cases for the sale unsuitable investments, risky private placements and failure to supervise.
South Florida is home to a large retirement community with conservative investment objectives as investors try to secure a comfortable retirement. If you believe a Boca Raton, Florida or other financial advisor has misled you about your investments, we will help explain your legal rights and how our securities and investment fraud attorneys can help you recover your money through FINRA arbitration or other claims.
Have You Invested With Troy Goldberg?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.