Oakbrook Terrace, IL — December 11, 2025 — Jack Frank Bruscianelli (CRD# 2113986), a financial advisor registered with B. Riley Wealth Management, is facing customer complaints alleging unsuitable investment recommendations and breach of fiduciary duty. According to FINRA BrokerCheck records, Bruscianelli has multiple customer disputes on his record, including a pending arbitration case filed in September 2025. This article reviews the publicly available disclosure information and outlines options for investors who may have suffered losses.
BrokerCheck Snapshot
Name: Jack Frank Bruscianelli
CRD #: 2113986
Firm: B. Riley Wealth Management
Location: Oakbrook Terrace, IL
Years in Industry: 34
Number of Disclosures: 6
Customer Complaints Against Jack Bruscianelli
Pending Customer Dispute (2025)
According to FINRA records, a customer filed an arbitration claim against Bruscianelli in September 2025. The complaint alleges that representatives made unsuitable recommendations involving equity securities. The client is seeking $250,000 in damages. The case (FINRA Case No. 25-02007) remains pending as of the date of this report.
Settled Customer Dispute (2017-2018)
In April 2017, a customer initiated FINRA arbitration against Bruscianelli while he was registered with National Securities Corporation. The complaint alleged unsuitable recommendations, breach of fiduciary duty, and improper handling of private placement investments. The customer sought $300,000 in damages. The case settled in August 2018 with $0 paid to the customer. Bruscianelli denied all allegations of wrongdoing and stated that all investments were reviewed with and approved by the client.
Settled Customer Dispute (2009-2010)
In July 2009, a customer filed an arbitration claim alleging securities fraud, breach of fiduciary duties, breach of contract, and negligence related to OTC equity investments. The customer sought $200,000 in compensatory damages. The case settled in June 2010 for $28,750, with Bruscianelli contributing $18,750. As part of the settlement agreement, any allegations of sales practice violations were retracted, and the complaint was resolved to avoid litigation expenses.
Settled Customer Dispute (1998-1999)
In July 1998, a customer filed a complaint against Bruscianelli in his capacity as a branch office manager at H.J. Meyers & Co. The allegations included excessive and unsuitable trading, misrepresentations and omissions, violations of federal securities laws, common law fraud, breach of fiduciary duty, and violations of Illinois securities law. The customer sought $372,935 plus punitive damages. The case settled in August 1999 for $15,000, which Bruscianelli paid in full. The matter was settled without admitting liability to avoid ongoing litigation costs.
Closed Customer Complaint (2012)
In March 2012, a written complaint was filed against Bruscianelli alleging poor performance involving corporate debt, OTC equities, listed equities, and mutual funds. The complaint was closed with no action taken in June 2012 with $0paid to the customer.
Pattern of Complaints and Risk Factors
While each case is unique, complaints of this type may indicate concerns related to unsuitable investment recommendations, inadequate risk disclosures, or a failure to supervise. Investors should carefully review account statements and seek legal guidance if similar issues occurred in their accounts.
Can Investors Recover Losses?
Investors who were recommended unsuitable or high-risk investments may be entitled to compensation through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident.
Related Brokers and Firms
If you have concerns about your investments with B. Riley Wealth Management or experienced similar issues with other advisors, you may want to review additional resources on investment fraud and broker misconduct. Our firm has handled numerous cases involving unsuitable recommendations, unauthorized trading, and misrepresentations by financial advisors nationwide.
Frequently Asked Questions
What is the complaint against Jack Bruscianelli?
The most recent pending complaint alleges that Bruscianelli made unsuitable investment recommendations involving equity securities. The customer is seeking $250,000 in damages. Bruscianelli has additional settled complaints and disclosures on his BrokerCheck record dating back to 1998.
Can investors recover losses involving B. Riley Wealth Management?
Yes, investors who suffered losses due to broker misconduct, unsuitable recommendations, or other securities violations may file a claim through FINRA arbitration. Most brokerage agreements contain mandatory arbitration clauses, which require disputes to be resolved through this process rather than in court.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum where investors can seek compensation for investment losses caused by broker misconduct or securities violations. The process is overseen by the Financial Industry Regulatory Authority and is binding on both parties. It typically costs less and resolves faster than traditional litigation.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s risk tolerance, financial objectives, investment timeline, or overall financial situation. Brokers are required to conduct due diligence and recommend only those investments that are appropriate for each client based on their individual circumstances.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. The report will show the broker’s employment history, qualifications, and any customer complaints, regulatory actions, or other disclosures on file.
What should I do if I suspect broker misconduct?
First, document all account statements, trade confirmations, and communications with your broker. Second, file a complaint with FINRA and your state securities regulator. Third, contact an experienced securities attorney to discuss your options for recovery through arbitration. Time limits apply, so prompt action is important.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you lost money in your investment account with Jack Bruscianelli or B. Riley Wealth Management, contact Patil Law, P.C. for a free, no-obligation consultation. Our experienced securities attorneys can review your case and explain your legal options for recovering losses.
Call us today at 800-950-6553 or email info@patillaw.com.
Disclaimer
The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
