Advisor Alert: Our Attorneys Are Investigating Bob Bassari For Investment Fraud
Did You Lose Money Because of Bob Bassari?
Filed: February 27, 2024
Bob Bassari (also known as Robert Bassari) has been the subject of one (1) regulatory event, one (1) termination event, and four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Bob Bassari.
Who Is Bob Bassari?
- Advisor Name: Bob Bassari
- Aliases: Robert Bassari
- CRD: 2695482
- Location: Chicago, Illinois
- Current Employer: Currently Not Registered
- Previous Firms: Great Point Capital LLC, Summit Brokerage Services, Inc., and J.P. Turner & Company, L.L.C.
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Bob Bassari Be Sued: Yes, in Private Arbitration
- Can Bob Bassari’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $61,402.39
If you have suffered investment losses by Bob Bassari, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a failure to supervise lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Bob Bassari For Broker Misconduct
As of this publication date, Bob Bassari has been the subject of 1 regulatory event, 1 termination event, and 4 customer disputes. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Bob Bassari by a customer of Great Point Capital LLC alleging that the recommendation was contrary to the client’s investment objectives and best interest. The claims include common law negligence, negligent misrepresentation and omission, unsuitability, breach of fiduciary duty, breach of contract, control person liability, and the failure to supervise, in violation of Illinois Securities Statutes, FINRA Rules, and applicable common law. Per the customer, he/she lost over $25,000 because of Mr. Bassari’s actions. On September 28, 2023, Mr. Bassari settled the claim for $19,515.62, and some or all of this amount may have been paid by Mr. Bassari’s employer and/or insurance carrier.
In April 2023, a FINRA arbitration was filed against or in reference to Bob Bassari by a customer of Great Point Capital LLC alleging that the recommendation was contrary to the client’s investment objectives and best interest. The claims are Illinois securities law, common law claims like negligence and breach of contract, and private causes of action under FINRA rules. Per the customer, she lost over $100,000 because of Mr. Bassari’s actions. On November 20, 2023, Mr. Bassari settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Bassari’s employer and/or insurance carrier.
In September 2022, a FINRA arbitration was filed against or in reference to Bob Bassari by a customer of Great Point Capital LLC alleging lack of suitability on GWG L Bond purchase in 2019-2021. Various claims also allege Federal and State Securities Law fraud, statutory fraud, and breach of contract & fiduciary duty by GPC and Bassari. Per the customer, he/she lost over $75,000 because of Mr. Bassari’s actions. On September 28, 2023, Mr. Bassari settled the claim for $61,402.39, and some or all of this amount may have been paid by Mr. Bassari’s employer and/or insurance carrier.
In September 2015, a complaint was filed against or in reference to Bob Bassari by a customer of Workman Securities Corporation alleging unsuitable investment. Per the customer, he/she lost over $53,098.84 because of Mr. Bassari’s actions.
In July 2009, FINRA initiated a regulatory action against or in reference to Bob Bassari for allegedly drafting a form letter about his previous employer and mailing it to former (potential) customers which constituted “sales literature” and was mailed without prior approval of an appropriate registered principal of his member firm. The form letter was not fair and balanced nor did it provide a sound basis for evaluating the facts. The form letter also contained unwarranted statements.
In March 2008, Financial Network Investment Corporation terminated Bob Bassari for failing to comply with firm policies/procedures. The representative sent unauthorized and unapproved correspondence to clients.
How To File A Claim Against Bob Bassari (previously with Great Point Capital LLC, Summit Brokerage Services, Inc., and J.P. Turner & Company, L.L.C.) To Get Your Money Back
If you have questions about Bob Bassari, Great Point Capital LLC, Summit Brokerage Services, Inc., J.P. Turner & Company, L.L.C., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.