Investors might have sustained losses due to securities broker Mark Angelo Gassoso [CRD: 2590007, Jersey City, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Mark Gassoso worked for National Securities Corporation from November 21, 2000, to July 22, 2022, B. Riley Wealth Management from July 22, 2022, to November 26, 2024, and has worked with Arete Wealth Management LLC since November 15, 2024. Keep reading to understand more about the investor dispute involving Gassoso and the investments at the heart of the pending complaint.
Evidently, a client of National Securities Corporation contested Mark Gassoso’s sales practices by filing FINRA Arbitration No. 24-01432 on July 3, 2024. Allegedly, Gassoso made unsuitable recommendations and mismanaged the client’s assets. Supposedly, Gassoso caused the client to sustain damages on private placements. As a result, the client seeks compensation from National Securities Corporation or Gassoso in the amount of $500,000 in this ongoing matter.
Unsuitable private placement recommendations occur when a broker or financial advisor suggests investments in private offerings that don’t align with a client’s financial goals, risk tolerance, or investment profile. Private placements are often illiquid, complex, and lack the oversight of publicly traded securities, making them risky for many investors. When brokers push these products without ensuring they fit a client’s needs—or misrepresent the risks—investors can experience significant losses. Regulatory rules require brokers to fully understand and disclose these risks before making such recommendations.
Do you need clarification on any investment losses relating to Mark Gassoso? If so, you should contact Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney regarding a potential recovery recovery. Soreide Law Group is experienced with recovering losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Gassoso and brokerage firms Gassoso worked for deny allegations of sales practice violations.
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