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.

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