Unsuitable investment attorney Alan Rosca and his colleagues are currently investigating broker Bryan Mazliach (also known as Bryan Gabriel Mazliach) on allegations of excessive and unsuitable trading in five customer accounts, and failure to provide documents and information requested by FINRA, according to an Amended Default Decision by the FINRA Department of Enforcement.
Investors who are concerned about their investments with Mazliach are encouraged to consult with attorney Rosca or his colleagues for a free case evaluation and discussion of options, or to provide any useful information. Call 888-998-0530, via email at arosca@rscounsel.law, or complete the contact form on this webpage.
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Bryan Mazliach Barred and Ordered to Pay $158K in Restitution
FINRA opened an investigation in fall of 2016 related to complaints about Bryan Gabriel Mazliach’s alleged trading in customer accounts.
FINRA’s Default Decision states Mazliach allegedly exercised de facto control over trading in customer’s accounts by deciding what securities to buy and sell, the quantities, the price, and when trades would occur.
Mazliach allegedly conducted 419 trades in seven accounts held by five customers and received $187,526 in gross commissions, while the customers allegedly reached a total loss of $171,595, the decision states. According to FINRA, the annualized turnover rates resulted due of Mazliach’s trading ranged between 12.55 and 50.48 which the SEC found as excessive, the decision states.
FINRA also notes that 398 of the trades were allegedly unauthorized, and breached the duty to observe high standards of commercial honor
Mazliach also allegedly engaged in an active in-and-out trading strategy during an 8-to-28-month time period, without discussing the commissions and fees that he charged. FINRA concluded that Mazliach allegedly lacked reasonable basis to believe that his trading strategy was suitable for investors.
As part of FINRA’s investigation, FINRA staff sent a request to Mazliach for documents and information on June 22 and July 16, 2020. Mazliach allegedly failed to respond to the requests of information, violating FINRA Rules.
Enforcement sought to bar Bryan Mazliach from associating with any FINRA member firm in any capacity and he is ordered to pay restation in the amount of $158,289 to customers.
Bryan Gabriel Mazliach Investors Reportedly Received Over $50K in Settlements Between 2017 and 2020
Mazliach’s FINRA Brokercheck page reports multiple settled customer dispute disclosures between 2017 and 2020. The most recent dispute was settled in January 2020 alleging unauthorized trading. The customer was seeking $49,687 for the alleged damages and they a settlement to the tune of $25,000.
Another customer filed a dispute in May 2018 alleging churning, and unauthorized/unsuitable trading. The customer was seeking $66,680 for the alleged damages and received a settlement of $7,500 in November 2018.
A third customer file a dispute in February 2016 alleging excessive trading and commissions. The customer was seeking $200,000 for the alleged damages and received a settlement to the tune of $32,142.87 in May 2017.
Investors who are concerned about their investments with Mazliach may contact attorney Alan Rosca for a free, no obligation consultation and discussion of options by calling 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Mazliach Was Registered with FINRA for 10 Years
Broker Bryan Mazliach was registered with FINRA since 2010 and switched employers five times according to his Brokercheck report. He was previously employed with Westpark Capital located in Fort Lauderdale, Florida from August 2017 until December 2018.
He was also employed with Laidlaw & Company located in Fort Lauderdale, Florida from January 2015 until September 2017. As well as Rockwell Global Capital located in Melville, New York from December 2010 until January 2015.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
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Unsuitable Investment Attorneys Are Investigating Bryan Mazliach
Rosca Scarlato’s unsuitable investment attorneys collectively have decades of experience working with clients who have lost money at the hands of alleged unscrupulous brokers. Investor rights attorney Alan Rosca is preparing to investigate the alleged misconduct involving broker Bryan Mazliach.
Investors who are concerned about their investment with Bryan Mazliach are encouraged to consult with an attorney at Rosca Scarlato. Contact Alan Rosca or one of the firm’s unsuitable investment attorneys for a free case evaluation and discussion of options by calling 888-998-0530, via email at arosca@rscounsel.law, or complete the contact form on this webpage.
Please note that the attorneys at Rosca Scarlato LLC take most of their cases on a contingency basis, which means that the firm’s lawyers typically advance the costs associated with representing clients, do not ask for any money down, and only get paid for their fees and case expenses at the conclusion of your case. The client typically owes no fees or expenses if there is no recovery.