WARNING! Impending Investigation: GEORGE BUSSANICH and METROPOLITAN AMBULATORY SURGICAL CENTER (MASC)
Losses with George Bussanich or Metropolitan Ambulatory Surgical Center (MASC)?
Have you lost money investing in the Metropolitan Ambulatory Surgical Center (MASC) sold by George Bussanich, Jr.? We are investing allegations made by the Securities and Exchange Commission (SEC) against Bussanich. The SEC alleged that George Bussanich solicited investors to invest in promissory notes or investment contracts of Metropolitan Ambulatory Surgical Center from March 2009 to July 2013.
The SEC alleges that MASC was owned by George Bussanich’s father. It further alleged that Bussanich made materially misleading statements when recommending the promissory notes to investors. Moreover, the promissory notes were not registered, and the company commingled and misused investor funds.
George Bussanich, Jr. was a registered representative and financial advisor of Kovack Securities from 2006 to December 2011. He worked at a branch office in Cliffside Park, New Jersey.
Brokerage firms like Kovack Securities 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 and the Seattle area. We represent investors in FINRA arbitration proceedings and court. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.
If you invested with in private placements with George Bussanich or Metropolitan Ambulatory Surgical Center, please Contact Us at 720-599-3505 for a free evaluation of your case.
Click to view: Bussanich SEC Comp
Click to view: Bussanich BrokerCheck 8.10.15 (1)
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