DID MARK JOSEPH BRUSCIANELLI CAUSE YOU INVESTMENT LOSSES?
Mark Bruscianelli Of B. Riley Wealth Management Has 10 Customer Complaints For Alleged Broker Misconduct
About Mark Bruscianelli of B. Riley Wealth Management?
Mark Bruscianelli (CRD #4177839) , located in Chicago, Illinois, is currently registered with B. Riley Wealth Management since July 2022. His professional background includes prior affiliations with the National Securities Corporation (January 2002 to July 2022) and First Union Securities Financial Network, Inc. (May 2000 to December 2001). Bruscianelli is licensed in 21 U.S. states and territories and has passed two general industry/product exams and one multi-state securities law exam. His qualifications include the Series 7 General Securities Representative Examination and Series 63 Uniform Securities Agent State Law Examination. He has not passed any principal or supervisory exams.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Mark Bruscianelli Customer Complaints and Reviews
Mark Bruscianelli has 10 customer disputes disclosed on his record, with the following key points:
- Customer Dispute Dated July 22, 2011
- Complaint: churning, suitability, unauthorized trading, and various violations of securities laws
- Alleged Damages: $369,142.40
- Award Dated December 9, 2013: $100,000 plus interest to the claimant.
- Customer Disputes Settled:
- In 2015, a dispute alleging suitability and negligence
- Settlement: $22,500, with Bruscianelli contributing $11,250.
- In 2012, allegations of excessive trading
- Settlement: $4,000, with a personal contribution of $2,000.
- In 2008, dispute over unsuitable recommendations
- Settlement: $9,853.58
- Customer Disputes Closed or Denied
- Multiple complaints involving misrepresentation, suitability, excessive trading, and unauthorized trading were dismissed or denied, with alleged damages ranging from $5,000 to $75,000.
- Customer Dispute Filed April 11, 2024 (Pending):
- Complaint: unsuitable investments in retirement accounts
- Alleged Damages: $260,000
- Status: Pending under Finra Case No. 24-00787.
Allegations Against Mark Bruscianelli
The reported allegations against Mark Bruscianelli include the following:
- Churning and Unauthorized Trading: Accusations of excessive trading and executing trades without proper authorization, including in a 2013 case that resulted in a $100,000 arbitration award.
- Unsuitable Investment Recommendations: Multiple disputes cite concerns over recommendations that did not align with customers’ risk tolerance or objectives.
- Breach of Fiduciary Duty: Allegations include negligence and failure to act in the best interests of clients.
- Settled Complaints: Several settlements acknowledge disputes over suitability and excessive trading, with payouts to claimants but no admission of wrongdoing.
- Pending Dispute (2024): Involves claims of unsuitable investments in retirement accounts, with damages claimed at $260,000. This case remains unresolved.
These disclosures are important considerations in evaluation of professional conduct and suitability for managing investments.
Mark Bruscianelli Red Flags & Your Rights As An Investor
Of course, Mark Bruscianelli did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Mark Bruscianelli at B. Riley Wealth Management on alert to review carefully the activity and performance of their accounts and question whether Mark Bruscianelli has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at B. Riley Wealth Management also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At B. Riley Wealth Management Due To Mark Bruscianelli
If you have questions about B. Riley Wealth Management and/or Mark Bruscianelli and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
Rate this Post
Loading...