10.0David P Neuman
(720) 599-3505

UPDATE! GARY BASRALIAN Sentenced to 70 Months in Prison – Maplewood, NJ


UPDATE! GARY BASRALIAN Sentenced to 70 Months in Prison – Maplewood, NJ

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UPDATE!  GARY BASRALIAN Sentenced to 70 Months in Prison – Maplewood, NJ

Gary Basralian, former Royal Alliance Associates advisor, Sentenced to 70 Months in Prison


Have you lost money with financial advisor Gary Basralian of Maplewood, New Jersey?  We are continuing our investigation into Royal Alliance and its supervision over Gary Basralian.  Basralian, a former advisor with Royal Alliance Associates, was sentenced to 70 months in prison.  He was also sentenced to three years of supervised release.


Royal Alliance was also the subject of a regulatory action by the New Hampshire Securities Bureau, regarding allegations that it failed to adequately supervise the transfer of customer funds from a former customer of Basralian.  New Hampshire alleged that the customer lost $1.8 million from fraudulent transfers, and that Royal Alliance was obligated to supervise these transactions.  To settle these allegations, Royal Alliance agreed to pay a total of $190,000 in fines and costs.


Gary Basralian was a financial advisor and registered representative of Royal Alliance Associates from 1989 to December 2017.  He worked at a branch office in Maplewood, New Jersey.  Basralian resigned from Royal Alliance Associates amidst its investigation, and he has also been arrested and charged with fraud.


Brokerage firms like Royal Alliance Associates have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.


Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout New Jersey and New Hampshire.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Royal Alliance.


Click to view:  Royal Alliance New Hampshire Order

Click to view:  Basralian, Gary FINRA AWC

Click to view:  Basralian, Gary BrokerCheck 3.21.18


If you lost money with Gary Basralian or Royal Alliance Associates, please CONTACT US at 720-599-3505 for a free evaluation of your case.




Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman


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