Thomas Buck (Thomas Joseph Buck) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Haygood Investment Fraud Lawyers are currently investigating possible claims against stockbroker Thomas Buck.
In July 2015 Thomas Buck was barred by FINRA indefinitely from practicing as a broker. Thomas Buck worked for RBC Capital Markets in Indianapolis, Indiana.
Thomas Buck was previously associated with Merrill Lynch in Carmel, Indiana.
FINRA alleges that Thomas Buck engaged in the following misconduct: he failed to assess the suitability of fee structure for clients and used more expensive commission-based accounts even when using fee-based accounts was cheaper for the client .
Buck also misled clients on the potential benefits of using fee-based accounts.
In February 2018, Buck was further barred by the Securities and Exchange Commission (SEC) from being a registered broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO.
The SEC found that Buck received more than $2.5 million in excessive commissions and fees from at least 50 retail customers and investment advisory clients in a scheme that lasted at least three years.
Thomas Buck has been the subject of at least 17 customer disputes.
If you invested money through Thomas Buck, we would like to talk to you. Fishman Haygood Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.