Investors might have sustained losses due to securities broker Nicholas R. Biddle (also known as Nick Biddle) [CRD: 4649317, St. Pete Beach, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Biddle worked for FSC Securities Corporation from October 17, 2017, to November 3, 2023, before working with Osaic Wealth, Inc. on November 3, 2023. Keep reading to learn more about Biddle’s disclosures.
Evidently, a customer of FSC Securities Corporation contested Nicholas Biddle’s sales practices by filing FINRA Arbitration No. 25-00145 on February 4, 2025. Allegedly, Biddle made unsuitable investment recommendations. It appears that Biddle caused the customer to sustain losses on real estate securities and over-the-counter equities. Therefore, the customer seeks compensation from FSC Securities Corporation or Biddle in the amount of $100,000 in this ongoing matter.
Unsuitable advice about over-the-counter equities happens when a broker recommends investments that do not align with the investor’s goals, risk tolerance, or financial profile. These equities, which trade outside of standard exchanges, tend to be riskier and less liquid, meaning they may be difficult to sell and come with less transparency. Financial advisors have a duty to ensure that any investment recommendation is appropriate for a customer’s unique situation. If a broker recommends these high-risk equities without proper due diligence or concern for the investor’s needs, the investor may face financial harm and may have a valid claim for recovery.
Were you impacted by investing through Nicholas Biddle? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Biddle and brokerage firms Biddle worked for deny accusations of sales practice violations.
A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
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