Gary Basralian, Financial Advisor Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losss
Goodman & Nekvasil P.A., May Recover Investor Losss | Gary Basralian, Financial Advisor Barred from Securities Industry
Gary Basralian was licensed with Royal Alliance Associates, Inc. from 1989 until 2017. Royal Alliance Associates, Inc. reported to FINRA that Gary Basralian was permitted to resign on December 12, 2017. Royal Alliance Associates, Inc. reported to FINRA that a complaint was received alleging that Gary Basralian “invested a substantial portion of (the clients) funds in a number of suspect investments”, that Gary Basralian had failed to disclose tax liens, and that Gary Basralian “misappropriated monies that belonged to the client.”
Gary Basralian was barred from the securities and investment banking industry on March 20, 2018. FINRA reports that Gary Basralian consented to the sanction and to the entry of findings that Gary Basralian failed to provide documents and information as requested by FINRA in connection with an investigation into, among other things, the circumstances of Gary Basralian’s resignation from Gary Basralian’s member firm. The findings stated that the firm filed a Form U5 terminating Basralian’s registrations and reporting that Gary Basralian “resigned after customer allegation of fraud and breach of contract related to investments away from the firm.”
If you lost any money on investments with Gary Basralian, you may be able to recover your losses from Royal Alliance Associates, Inc. This is because Royal Alliance Associates, Inc. had a duty to supervise Gary Basralian.
If you lost money on investments with Gary Basralian and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Royal Alliance Associates, Inc. concerning Gary Basralian’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Gary Basralian and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.Back to Blogs