November 2019 – Frederick, MD
The FINRA records of Bradley Mascho , a currently unregistered stockbroker who was last employed by Western International Securities, discloses 2 regulatory events , a criminal event, a civil event, 9 pending customer disputes, 5 prior customer disputes and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 1/2018, FINRA permanently barred Mascho after he refused to appear for a FINRA-requested on- the -record testimony during an investigation into his potential serious violations, including fraud, undisclosed outside business activities, and private securities transactions.
In 12/2017, United States Securities and Exchange Commission filed case 8:17cv2453 alleging violations of Section 5(a) and (c), Section 17(a) of Securities Act of 1933, Section 10(b) and 10b-5 of the Securities Exchange Act of 1934. Sanctions sought are Civil and Administrative Penalties/Fines, Disgorgement, monetary penalty other than fines and injunction. This case is pending.
In 11/2017 Mascho was charged with a felony count of conspiracy to commit securities fraud, one felony count of wire fraud conspiracy and one count of Securities Fraud; aiding and abetting, Charges are currently pending in the US DIstrict Court of Maryland.
In 12/2017 the SEC charged Mascho and his company DJB Holdings with fraud in connection with raising over $20 million through the sale of convertible and promissory notes in the company.
From 3/2015 until 4/2019, 5 customer disputes were filed by customers of Western International Securities, Inc., alleging unsuitable recommendations, negligence and breach of fiduciary duty. These cases were settled in the cumulative amount of nearly $500,000
The following cases , filed by customers of Western International, are still pending.
- Case #19-00748 alleging damages of $427,538.
- Case #19-00977 alleging damages of $100,000.
- Case #19-00517 alleging damages of $2,444,388.
- Case #18-03902 alleging damages of $500,000.
- Case #18-03888 alleging damages of $200,000.
- Case #18-03080 alleging damages of $353,000.
- Case #18-03958 alleging damages of $150,000.
- Case #18-03941 alleging damages of $250,000.
- Case #18-00968 alleging damages of $5,000.
Mascho worked for Western International Securities from 10/2009-12/2017.
Prior to that Mascho was employed by Royal Alliance Associates, Inc., Legg Mason Wood Walker, and American Express Financial Advisors.
If you have questions about an account handled by Bradley Mascho call for a no charge consultation .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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