Jack F. Bruscianelli
CRD#2113986
Silver Law Group is looking into Chicago, Illinois-based National Securities Corp. broker Jack F. Bruscianelli after a FINRA complaint was brought against him alleging unsuitable investments in private placements.
According to FINRA’s BrokerCheck report on Bruscianelli, a FINRA complaint alleging unsuitability relating to private placements was filed in April of 2017. The complainant alleged damages of $300,000.
Bruscianelli is currently employed by National Securities Corp. at their Chicago, IL location.
Making unsuitable investment recommendations is a serious form of broker misconduct. A broker’s employing firm is responsible for overseeing the broker to prevent such misconduct. Failure to supervise is a claim made against a brokerage firm in these situations.
Among other basic tenets, brokers are required to recommend suitable investments to their customers. This requires that the broker: Investigates and conducts due diligence into the investment’s attributes including its benefits, risks, tax consequences, and other relevant factors to form a reasonable basis for the recommendation of the product; and appropriately matches the investment with the customer’s specific investment needs and objectives, such as the customer’s retirement status, long or short-term goals, age, disability, income needs, or any other relevant factors.
When a broker or brokerage firm fails to recommend investments to its customers along those guidelines, there has to be accountability. If you have lost money on an investment that did not fit your investment profile, you may be able to recover some or all of your lost money.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unsuitable recommendations. The Silver Law Group works on a contingency fee basis, meaning you pay us nothing unless we recover money for you.
If you invested with Jack F. Bruscianelli and National Securities Corporation and have lost money doing so, you may be able to recover some or all of your losses. We are experienced in recovering investor losses due to broker/brokerage firm misconduct and mismanagement through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll-free at (800) 975-4345.