Bryan Gabriel Mazliach of Fort Lauderdale Florida a stockbroker associated with Laidlaw Company and Westpark Capital has been referenced in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on September 27, 2019 in which the regulator recommended that the stockbroker be disciplined for allegedly making unsuitable and unauthorized trades in investor accounts. Wells Notice Examination No. 20160515831.
According to the Wells Notice, Mazliach potentially effected trades on an excessive basis in a Laidlaw Company customer’s account. The stockbroker allegedly failed to have an adequate basis for believing that his recommendations were appropriate for the customer given the customer’s investment profile. FINRA believes that Mazliach may have violated FINRA Rules 2010 and 2111 in this regard. The regulator also signaled that the stockbroker possibly traded without the knowledge or consent of one or more of his customers in violation of FINRA Rule 2010. Mazliach also allegedly effected trades on a discretionary basis without generating written authorization from the customer or the securities broker dealer.
Mazliach is referenced in three customer initiated investment related disputes containing allegations of his wrongdoing while associated with securities broker dealers including Laidlaw Company (UK) Ltd. FINRA Public Disclosure reveals that on May 10, 2017, a customer initiated investment related arbitration claim involving Mazliach’s conduct was settled for $32,143.87 in damages based upon allegations that common and preferred stock trades and over-the-counter equities trades were effected in the customer’s account on an excessive basis by the stockbroker. FINRA Arbitration No. 16-00291. According to the claim, the customer was charged excessive commissions because of Mazliach’s trading between April of 2015 and January of 2016 while the stockbroker was associated with Laidlaw Company.
On November 21, 2018, a customer initiated investment related arbitration claim concerning Mazliach’s activities was resolved for $7,500.00 in damages founded on accusations that equity trades effected by Mazliach between 2015 and 2017 were in no way suitable for the Laidlaw Company customer. FINRA Arbitration No. 18-01736. The claim also alleges that trades were effected by the stockbroker without authorization and that the customer’s account had been churned.
Mazliach is the subject of another customer initiated investment related written complaint on January 22, 2020 in which the customer requested $49,687.00 in damages based upon allegations that Mazliach made trades in the customer’s account on an excessive basis between 2015 and 2016 and that he had effected trades without receiving permission from the customer beforehand. FINRA Arbitration No. 20-00110 (Jan. 22, 2020).
Mazliach’s employment with Laidlaw Company was terminated on September 20, 2017. He was employed by Westpark Capital Inc. from August 30, 2017 and December 12, 2018.
