Bruce Manasevit Allegedly Executed Unauthorized Trades

Bruce Manasevit (CRD #: 3010880), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, is involved in an investor dispute, according to his BrokerCheck record, accessed on May 3, 2025. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

In a pending dispute filed on March 10, 2025, an investor alleged that Bruce Manasevit executed unauthorized trades, made misrepresentations, and violated the suitability rule. The client seeks $500,000 in damages.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of information relating to investments, such as their expenses, risks, or potential returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must consult the investor’s profile, which describes their tax status, investing experience, risk tolerance, and other information.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Bruce Manasevit has passed the following exams:

• Securities Industry Essentials Examination – SIE
• Futures Managed Funds Examination – Series 31
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Bruce Manasevit is a registered broker in 27 states and the District of Columbia. He is also a registered investment adviser in Connecticut and Texas.

He has also worked for Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Bruce Manasevit and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.