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Broker Misconduct Investigation: Hagop Nalbandian (Western International Securities)

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Updated on: May 18, 2025

National investment loss lawyers KlaymanToskes continues investigating barred broker Hagop Nalbandian (CRD# 2921246) formerly of Western International Securities. Nalbandian is currently registered as a broker with Vanderbilt Securities. 

According to FINRA BrokerCheck, broker Hagop Jack Nalbandian is currently involved in several customer complaints alleging over $2,700,000 in collective investor damages. The complaints relate to allegations including unsuitable and misleading investment recommendations.

Investors that suffered losses with broker Hagop Nalbandian are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Hagop Nalbandian?

Investment Losses with Broker Hagop Nalbandian?

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Western International/Vanderbilt Securities Broker Hagop Nalbandian Involved in Customer Complaints

Financial advisor Hagop Nalbandian, formerly of Western International Securities, is currently involved in several customer disputes, according to Financial Industry Regulatory Authority (“FINRA”) records. One of the complaints filed alleges $2,500,000 in damages due to unsuitable and misleading investment recommendations. A second complaint alleges $200,000 in damages due to unsuitable and misleading recommendations.


Additionally, five other customer complaints disclosed on Nalbandian’s FINRA BrokerCheck report have been settled in favor of the investors for a total of $410,335. Nalbandian was previously registered with Western International Securities from May 2008 to October 2024, and is currently registered with Vanderbilt Securities in Encino, CA.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.

If you suffered losses with broker Hagop Nalbandian, or have concerns regarding your investment portfolio at Western International Securities, Vanderbilt Securities, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.