Bruce Zaro Subject of Regulatory Action in Massachusetts
Bruce Zaro (CRD #: 1271065), a previously registered broker with International Assets Advisory, is the subject of a regulatory action. This disclosure appears on his BrokerCheck record, accessed on April 8, 2024. Keep reading for more information
Regulatory Actions
On February 23, 2024, Massachusetts made Bruce Zaro’s registration conditional and issued a sanction stating that he must be placed under heightened supervision for two years.
On January 22, 2019, Bruce Zaro entered into an Acceptance, Waiver, and Consent agreement in which he consented to the finding that he signed his customer’s name on an IRA/ESA distribution request without the customer’s knowledge or authorization. The firm alleges that the distribution form caused the firm to maintain inaccurate records.
High Standards of Commercial Honor
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Signing a customer’s name without their authorization or knowledge may violate this rule.
Accurate Books and Records
FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.
Terms of the AWC
Bruce Zaro consented to a $5,000 fine and a two-month suspension as part of the terms of the AWC. You can read a copy of the AWC here.
Employment Separation After Allegations
Bruce Zaro was permitted to resign following allegations that the firm received documents from him that the client’s beneficiaries claimed they had not signed.
Background Information
Bruce Zaro has passed the following exams:
- Series 66 Uniform Combined State Law Examination
- Series 65 Uniform Investment Adviser Law Examination
- Series 63 Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 General Securities Representative Examination
During his 35 years of experience, he has registered with six firms:
- International Assets Advisory (CRD #: 10645)
- Bolton Global Capital (CRD #: 15650)
- Gage-Wiley (CRD #: 344)
- Liberty Securities Corporation (CRD #: 14416)
- Fidelity Brokerage Services (CRD #: 7784)
- Dean Witter Reynolds (CRD #: 7556)
Kurta Law Can Help
If you have worked with Bruce Zaro and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.
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