The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Jack Bruscianelli. According to his publicly available FINRA BrokerCheck report, Jack Bruscianelli has been the subject of multiple customer disputes over the course of his career.
Jack Bruscianelli is an Illinois based securities broker. He has worked in the securities industry for twenty-eight years. During his career, he has been registered with six different securities firms.
- Hibbard Brown & Co. (1991-1994)
- H.J. Meyers & Co. (1994-1998)
- The Agean Group (1998)
- Auerbach, Pollak & Richardson (1999)
- First Union Securities Financial Network (1999-2001)
- National Securities Corporation (2002-Present)
- In July 2009, a customer alleged that Jack Bruscianelli committed securities fraud, breached his fiduciary duties, breached contract, and managed their account negligently. This case was settled for $28,750 in damages.
- In April 2017, a customer alleged that Jack Bruscianelli recommended unsuitable investments and breached his fiduciary duty. This case was settled for $300,000 in damages.
What Does This Mean?
Securities brokers are a brand of financial advisors known as fiduciaries. These individuals have what is known as a fiduciary duty to always act in the best financial interests of their customers. Securities brokers breach this duty when they choose investments for their customers that are beneficial to them (the broker) at the expense of their customers. The only reason the relationship between brokers and investors can even exist is because of trust. Investors could not trust their hard earned money with another individual if they did not trust that it would be taken care. Brokers who breach this fiduciary duty work toward the erosion of that trust and the eventual downfall of the investor/broker relationship.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Jack Bruscianelli, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.