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Investor Alleges Virginia Bazzino’s Recommendations Led to Losses

May 24, 2023 Investor Disputes

Virginia Bazzino (CRD #: 5960612), a broker registered with Insigneo International Financial Services, is involved in a pending investor dispute, according to her BrokerCheck record, accessed on May 16, 2023. If you want to know more about her alleged conduct as a broker, keep reading.

Investor Dispute

On January 27, 2023, an investor alleged that Virginia Bazzino made poor recommendations resulting in unrealized losses in a specific Bed Bath & Beyond bond (CUSIP #:075896 AB6). The client claims these allegations took place between June 2022 and the date of dispute filing.

The client seeks $100,000 in damages in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles contain information about investors’ risk tolerance, tax status, and financial goals.

This rule also applies to investment strategies. For instance, overconcentration in a particular stock or sector can expose investors to an unsuitable degree of risk.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Virginia Bazzino’s BrokerCheck page does not currently list any exams.

She is also not currently registered as a broker in any state.

Kurta Law Can Help

If you worked with Virginia Bazzino and you have concerns about your investments, please contact us today at 877-600-0098 or 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 and 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.