Stoltmann Law Offices continues to investigate Thomas J. Buck, who entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to the AWC, Buck engaged in misrepresentations and other misconduct in the handling of customer accounts. Since 2009, he pursued unethical and improper business practices which generated increased commissions and revenues and enhanced his status as a top-producing broker. He held customer assets in commission-based accounts instead of fee-based accounts in order to generate higher revenues, although he knew that some customers would have paid substantially lower fees by using fee-based accounts. He also exercised discretion in customer accounts without written or oral authorization and made unauthorized trades in certain customer accounts. He was recently barred from the industry.
Buck was registered with Merrill Lynch in Indianapolis, Indiana from December 1981 until April 2015, and RBC Capital Markets in Indianapolis from April 2015 until recently. He has 12 customer disputes against him, five of which are currently pending. He is not registered with any member firm and has been barred from the industry. If you lost money with Thomas J. Buck, please call our securities law firm at 312-332-4200. We sue firms such as RBC Capital Markets and Merrill Lynch for failure to properly supervise Buck while he was employed with them. These firms can be held liable for financial losses for this reason.
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