Investor Lawsuit Investigation – Hagop Jack Nalbandian
The White Law Group is investigating potential securities claims involving financial advisor Hagop Jack Nalbandian, in light of numerous customer complaints and regulatory disclosures reported by the Financial Industry Regulatory Authority (FINRA).
According to FINRA’s public records (CRD#: 2921246), Nalbandian is currently a registered broker with Vanderbilt Securities, LLC. His BrokerCheck report reflects ten disclosures, including multiple settled and pending customer disputes and a past termination from a prior brokerage firm.
Hagop Jack Nalbandian Customer Complaints
Nalbandian has reportedly been the subject of several investor complaints involving allegations of unsuitable and misleading investment recommendations.
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- April 2025 – A pending dispute alleges that an investment recommendation was unsuitable and misleading. The customer is seeking damages of $2,500,000.
- April 2025 – Another customer dispute filed the same month claims similar allegations of unsuitable and misleading advice. The damages requested are $200,000.
- July 2024 – A complaint was settled for $6,834.63 after the customer alleged unsuitable and misleading investment recommendations. The original damage amount requested was $37,000.
- January 2024 – A complaint involving alleged misrepresentation of an investment was settled for $125,000.
- December 2022 – A dispute alleging unsuitability and negligence was settled for $150,000.
- December 2021 – A complaint was settled for $108,500 based on allegations of unsuitable investment advice.
- June 2015 – A settled complaint involved a client seeking $90,000 in potential market gains that they claimed would have been realized had they made different investments. The matter was settled for $20,000.
- March 2007 – July 2007 – Two disputes involving a forged signature allegation relating to a Required Minimum Distribution (RMD) form were filed. One was settled for $16,250, and the other led to Nalbandian being discharged from Linsco/Private Ledger for using a pre-signed withdrawal form, which violated firm policy.
- March 2007 – Another dispute alleging unsuitability and financial losses exceeding $5,000 was settled for $16,250.
Risks of Broker Misconduct and Supervision Failures
Financial professionals are obligated to recommend investments that align with their clients’ objectives and risk tolerance. When advisors engage in unsuitable or misleading investment practices, or firms fail to supervise them, investors may suffer unnecessary losses. Brokerage firms can be held liable for failure to supervise their representatives.
Recovery Options for Investors
If you invested with Hagop Jack Nalbandian and suffered losses, you may be able to recover damages through a FINRA arbitration claim. The White Law Group is investigating whether the brokerage firms that employed Nalbandian failed in their supervisory responsibilities.
FINRA Arbitration vs. Class Action – What’s the Difference?
FINRA arbitration is typically faster and offers a more individualized resolution process compared to class action lawsuits, which often result in minimal recoveries after prolonged delays. Each arbitration case is determined based on its own specific facts and merits.
Free Consultation
The White Law Group has handled over 800 FINRA arbitration claims nationwide involving financial advisor misconduct. If you have concerns about your investments with Hagop Jack Nalbandian, call 1-888-637-5510 for a free consultation.
For more information, visit www.whitesecuritieslaw.com.
Frequently Asked Questions (FAQs) – Hagop Jack Nalbandian
What are the allegations against Hagop Jack Nalbandian?
Nalbandian has faced multiple allegations, including unsuitable and misleading investment recommendations, negligence, misrepresentation, and forgery of client signatures. At least six disputes have been settled for amounts ranging from approximately $6,800 to $150,000, with two pending claims exceeding $2.5 million in requested damages.
Can I recover investment losses involving Nalbandian?
Possibly. If your losses were due to unsuitable or unauthorized investments recommended by Nalbandian, you may be able to file a FINRA arbitration claim against the brokerage firm(s) responsible for supervising him.
What is the advantage of FINRA arbitration over a class action lawsuit?
FINRA arbitration provides an individualized process and typically results in faster resolutions. Class actions may take years and generally lead to lower recoveries for individual investors.
