Bradley Carl Mascho of Frederick, Maryland, a stockbroker formerly registered with Western International Securities Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $55,000.00 in damages supported by accusations of Mascho’s unsuitable trading in the customer’s account concerning exchange-traded funds while Mascho was registered with Western International Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01310 (January 28, 2022).
FINRA Public Disclosure shows that Mascho has been identified in sixteen customer initiated investment related disputes regarding allegations of his conduct while registered with securities broker dealers, including Western International Securities Inc. On May 20, 2019, a customer filed an investment related FINRA securities arbitration claim involving Mascho’s conduct where the customer requested $250,000.00 in damages based upon allegations of breach of fiduciary duty and negligence relating to promissory notes sold during the time that Mascho was employed by Western International Securities. FINRA Arbitration No. 19-00608 (May 20, 2019).
Mascho is also identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $202,271.14 in damages founded on accusations of fraud, breach of fiduciary duty, omissions, misrepresentations, unsuitable advice, and unregistered sales of securities, including promissory notes, when Mascho was associated with Western International Securities Inc. FINRA Arbitration No. 19-00748 (November 6, 2019).
On December 4, 2019, another customer filed an investment related FINRA securities arbitration claim regarding Mascho’s conduct that was settled for $88,500.00 in damages supported by allegations of bad investment recommendations, breach of fiduciary duty, and fraud while Mascho was registered with Western International Securities. FINRA Arbitration No. 19-00977. The claim alleges that the customer incurred damages on investments in ETFs and a promissory note.
Mascho is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $8,500.00 in damages based upon accusations of unsuitable recommendations and fraud as it relates to an exchange-traded fund transaction and promissory note transaction through Mascho. FINRA Arbitration No. 19-01012 (August 14, 2019). The claim also contains allegations of breach of fiduciary duty.
On January 4, 2021, a different customer initiated investment related FINRA securities arbitration claim concerning Mascho’s conduct was settled for $305,689.00 in damages founded on accusations of Mascho’s unsuitable promissory note recommendations during the time he was associated with Western International Securities. FINRA Arbitration No. 20-00034. Mascho is also referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $110,852.00 in damages supported by allegations of an unsuitable promissory note recommendation by the stockbroker. FINRA Arbitration No. 20-00702 (January 4, 2021).
FINRA Public Disclosure additionally shows that Mascho has been barred from associating with any FINRA member in any capacity based upon findings that he refused to cooperate in a FINRA investigation focused on accusations of Mascho’s fraudulent activities and his involvement in private securities transactions and outside business activities. Letter of Acceptance, Waiver, and Consent No. 2015047682403 (January 12, 2018). Mascho violated FINRA Rules 2010 and 8210 for failing to testify in the investigation.
On June 18, 2018, Mascho pleaded guilty to violating 18 USC Section 371 (conspiracy to commit securities fraud) and violating 18 USC Section 1001 (false statements). United States v. Bradley C. Mascho, Criminal Action No. 8:17-cr-472PX.
Mascho has been barred by Securities and Exchange Commission (SEC) from being a stockbroker and investment adviser representative. In the Matter of Bradley C. Mascho, Administrative Proceeding File No. 3-19637 (January 7, 2020). SEC’s complaint alleged that Mascho helped Dawn J. Bennett (owner of DJB Holdings LLC) raise at least $20,000,000 through sales of promissory notes and convertible notes via false representations. The notes were issued by DJ Bennett.
Mascho was registered with Western International Securities between October 1, 2009, and December 5, 2017.
