Investors have come forward with complaints about Hagop Jack Nalbandian (CRD: 2921246, Encino, California). Evidently, the securities broker, who worked for Western International Securities Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Particularly, Western International Securities Inc. clients allege that Nalbandian was negligent and made unsuitable recommendations. For more on these disclosures about Nalbandian, see below.
Evidently, on December 23, 2022, a Western International Securities Inc. client filed FINRA Arbitration: 22-02851 about Hagop Nalbandian. Namely, the client alleged that Nalbandian was negligent and provided unsuitable advice. Because of this, the client allegedly sustained damages on corporate bonds. Therefore, the client requested compensation from Western International Securities Inc. or Nalbandian. Evidently, this arbitration is pending a resolution.
Also, a Western International Securities Inc. client filed FINRA Arbitration: 21-02861 about Hagop Nalbandian. Namely, the client alleged that Nalbandian made unsuitable recommendations. Because of this, the client allegedly sustained damages on REITs. Therefore, on December 23, 2022, Western International Securities Inc. settled this matter by paying the client $108,500 in damages.
Specifically, a client of Western International Securities Inc. contested Hagop Nalbandian’s sales practices, according to a complaint. Allegedly, Nalbandian caused the client to lose investment opportunities. Supposedly, Nalbandian caused the client to sustain damages on REITs. Therefore, Western International Securities Inc. opted to settle the matter on August 28, 2015, by compensating the client in the amount of $20,000.
Also, a Linsco Private Ledger Corporation client filed a complaint about Hagop Nalbandian. Namely, the client alleged that Nalbandian committed forgery. Because of this, the client allegedly sustained damages on variable annuities. Therefore, on April 17, 2008, Linsco Private Ledger Corporation settled this matter by paying the client $316,250 in damages.
Did you suffer damages due to Hagop Nalbandian? If so, contact Soreide Law Group at (888) 760-6552 and talk with a securities lawyer about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Nalbandian and brokerage firms Nalbandian worked for deny any and all allegations of sales practice violations.
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Cowen and Company, LLC (CRD 7616), now part of TD Securities (USA) LLC, is a brokerage firm based in New York, New York. FINRA censured and fined the firm a total of $80,000, of which $40,000 is payable to FINRA, according to an AWC issued August 19, 2026.
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