According to
FINRA BrokerCheck, this is the fifth consumer-initiated, investment-related
dispute in which Biddle’s sales practices have been called into question. The
first complaint was filed by a customer of Locus Street Securities who alleged
that real estate investment trust purchases were not suitable given the
customer’s age and liquidity needs. In addition, that customer alleged that the
account was over-concentrated in real estate investment trusts. The complaint
was settled on February 25, 2005 for $171,668.40 in damages.
The second complaint was filed on May 2, 2006, concerning a
customer of ING Financial Partners, Inc. who alleged that there were
unauthorized stock trades made in the customer’s investment account. The
customer demanded $150,000.00 in damages. ING Financial Partners, Inc. denied
the complaint on May 11, 2006. The third complaint dated May 9, 2013 involved a
National Planning Corporation customer who alleged that a variable annuity was
unsuitable for the customer. The firm stated that the customer’s alleged
damages are greater than $5,000.00.
Another National Planning Corporation customer brought an
arbitration on July 14, 2015, alleging negligence, breach of contract, breach
of fiduciary duty and violation of FINRA and NASD rules in connection with the
customer's real estate security holdings. National Planning Corporation agreed
to pay the customer $12,500.00 to resolve the matter.
On October 18, 2017, Biddle became registered with FSC Securities
Corporation in St. Pete Beach, Florida.
If you have
incurred investment losses from Nancy Ellen Biddle, call the Law Office of
Peter M. Spett at (561) 463-2799 for a free consultation concerning your legal
rights and claims. Peter M. Spett has extensive experience recovering losses
for investors who have been sold unsuitable securities by their brokers or
advisors.
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