Public records published by the Financial Industry Regulatory Authority (FINRA) on November 2, 2016 indicate that former Nebraska-based Ameritas Investment Corporation broker Nathan Silva has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Silva (CRD# 5291177).
Nathan Silva has spent seven years in the securities industry and was most recently registered with Ameritas Investment Corporation in Omaha, Nebraska (2007-2014). He has no previous registrations. He is currently not registered with any state or firm.
According to his BrokerCheck report, Nathan Silva has received one FINRA sanction and one customer complaint.
In July 2016 FINRA sanctioned Nathan Silva following allegations he “refused to appear for FINRA on-the-record testimony as part of an investigation into allegations of misconduct against him.” He was permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2015 a customer alleged Nathan Silva, while employed at Ameritas Investment Corporation, misrepresented material facts, churned the account, and engaged in commission gouging. The complaint settled for more than $63,900.
Federal securities law prohibits brokers like Nathan Silva from making untrue or false statements that can mislead their clients — an act referred to as “misrepresentation.” Nor may they omit material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has a complaint regarding Nathan Silva, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.