Commercial Insurance Services
Jeffrey A. Mascio AdvisorsFind BBB Accredited Businesses in Commercial Insurance Services.
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Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:The State of Washington v. Jeffrey A. Mascio
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven. On August 27, 2018, the State of Washington issued a Statement of Charges and Notice of Intent to Issue an Order to Cease and Desist, Deny Future Registrations, Impose a Fine and Charge Costs against Jeffrey A. Mascio, a resident of Highlands Ranch, CO. Mr. Mascio was the co-founder, President and Chief Compliance Officer of Meridian Capital Advisors, LLC between November 2005 and December 2016. In his role at Meridian, Mr. Mascio provided investment advisory services to two Washington residents (a married couple). Incentivized by a performance-based fee structure, Mr. Mascio made high-risk securities trades in the residents’ accounts that resulted in a loss of over $750,000. Some of these high-risk trades were executed after the residents requested that he stop and with the knowledge that the residents had moderate risk tolerance and desired to avoid speculative trades.
Based on these findings, Mr. Mascio will be ordered to cease and desist from violations of the Revised Code of Washington, any securities registration applications will be denied, shall be liable for and pay a fine of $20,000, and shall be liable for and pay the court costs for this matter in an amount not less than $5,000. If Mr. Mascio does not request a hearing or opportunity to defend himself, the Securities Administrator will adopt and make permanent the aforementioned orders and penalties.
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 11/12/2018
- Business Started:
- 10/31/2005
- Business Management:
- Mr. Jeffrey A Mascio, CEO/Owner
Additional Contact Information
- Principal Contacts
- Mr. Jeffrey A Mascio, CEO/Owner
- Customer Contacts
- Mr. Jeffrey A Mascio, CEO/Owner
- Fax numbers
- Primary Fax: (877) 211-3896
- Additional Phone Numbers
- Other Phone: (720) 763-9127
Additional Information
- Business Categories
- Commercial Insurance Services, Investment Advisory Services
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