Published On: April 28, 2016

Stoltmann Law Offices is investigating Christopher P. Jordan, and his financial firm, National Planning Corporation (NPC) for allegedly selling at least one elderly client unsuitable investments. Allegedly, Jordan sold an 88-year old client an Allianz variable annuity, and FS Investments private placement, and a KBS non-traded REIT. These securities tend to be risky and illiquid and complex investments, and are sold to investors by their brokers so the broker can generate large commissions. A broker is required to conduct due diligence to understand the features of any product he sells, perform a reasonable analysis and provide disclosure about the risks and rewards associated with the particular product. If he does not, his brokerage firm can be liable for investment losses.

Jordan was registered with Cigna Securities in Radnor, Pennsylvania from May 1991 until April 1992, Nathan & Lewis Securities in New York, New York from April 1992 until November 1995 and Royal Alliance Associates in New York from November 1995 until February 2000. He is currently registered with NPC in Tarrytown, New York and has been since February 2000.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltmann Law Securities Investment Fraud Attorneys