Jack Frank Bruscianelli, of Saint Louis, Missouri, a stockbroker currently registered with National Securities Corporation, is the subject of a customer initiated investment related arbitration claim on April 18, 2017, in which the customer requested $300,000.00 in damages based upon allegations that Bruscianelli breached his fiduciary duties and made unsuitable investment recommendations to the customer concerning private placements effected in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Bruscianelli has been identified in two additional customer initiated investment related disputes containing allegations of his misconduct while employed with H.J. Meyers & Co., Inc. and National Securities Corporation. Specifically, on August 23, 1999, a customer filed an investment related written complaint involving Bruscianelli’s conduct, in which the customer requested $15,000.00 in damages based upon allegations including breach of fiduciary duty, fraud, omissions and misrepresentations, and violations of federal securities laws. The customer additionally alleged that Bruscianelli effected unsuitable and excessive over-the-counter equities transactions in the customer’s investment account.
Subsequently, on June 23, 2010, a customer initiated investment related arbitration claim involving Bruscianelli’s conduct was settled for $200,000.00 in damages based upon allegations that Bruscianelli negligently handled the customer’s investment account, breached his contractual and fiduciary duties, and defrauded the customer in regard to equity transactions effected in the customer’s account.
Since March 4, 1991, Bruscianelli has been associated with six different broker dealers, two of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct.
Guiliano Law Group
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