Mark Angelo Gassoso of Jersey City New Jersey a stockbroker currently registered with National Securities Corporation is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages supported by allegations including (1) misrepresentation (2) negligence (3) breach of fiduciary duty and (4) suitability relating to the customer’s over-the-counter equity holdings. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02863 (Sept. 30, 2016).
FINRA Public Disclosure also reveals that on February 22, 2011, a customer filed an investment related complaint concerning Gassoso’s activities where the customer sought $32,000.00 in damages based upon accusations that excessive commissions were charged and unsuitable equity transactions were executed in the customer’s account. On September 9, 2013, another customer filed an investment related complaint involving Gassoso’s conduct alleging that stock trades were executed in the customer’s account on an excessive and unauthorized basis.
Since March 23, 1995, Gassoso has been associated with nine different broker dealers, six of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
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