Mark Gassoso: $500K Complaint Against Ex-National Securities Advisor

Jersey City financial advisor Mark Gassoso (CRD# 2590007) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with B. Riley Wealth Management, having previously been registered with National Securities Corporation.

Mr. Gassoso’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of National Securities Corporation, he recommended unsuitable private placement investments and mis-managed the customer’s assets. The pending complaint alleges damages of $500,000.

In a statement included with the complaint’s disclosure, Mr. Gassoso defends himself against the allegations. “All investments Claimant made were suitable based on Claimant’s stated objectives for the account,” he writes. “[He] intends to vigorously defend against these allegations.”

B. Riley Wealth Management’s website includes a page describing the firm’s history, services, and values. “Our team of seasoned experts takes a non-traditional, oftentimes contrarian approach to opportunities, where firm resources and cross collaboration are well bestowed while always putting our clients first,” it explains. “What truly sets us apart from the competition is that, in addition to serving clients and investors, we actively utilize our balance sheet and have the operational prowess and foresight to recognize value and maximize return on investments that others shy away from.”

According to the Financial Industry Regulatory Authority, Mark Gassoso holds 29 years of securities industry experience. Based in Jersey City, New Jersey, he has been registered as a broker with B. Riley Wealth Management since 2022. His past registrations include National Securities Corporation, Barron Chase Securities, and Preferred Securities Group. His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Operations Professional Examination, or Series 99TO; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 29 state licenses. (Information current as of July 14, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.