{"id":2981,"date":"2015-07-30T00:00:00","date_gmt":"2015-07-30T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/thomas-buck-merrill-lynch-securities-arbitration\/"},"modified":"2017-12-22T13:57:24","modified_gmt":"2017-12-22T18:57:24","slug":"thomas-buck-merrill-lynch-securities-arbitration","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/thomas-buck-merrill-lynch-securities-arbitration\/","title":{"rendered":"Silver Law Group Investigates FINRA-Barred Broker Thomas Buck"},"content":{"rendered":"

Silver Law Group<\/a> is investigating Indiana-based stockbroker Thomas Buck, who earlier this week was barred by the Financial Industry Regulatory Authority<\/a> (FINRA) from associating with any FINRA member firm and was accused by FINRA of improperly charging customers and engaging in unauthorized trading<\/a>. Mr. Buck, a former top broker for Bank of America Merrill Lynch from 1981 until early-2015, was most recently employed by RBC Wealth Management.<\/p>\n

According to FINRA, Buck oversaw $1.3 billion in assets while at Merrill Lynch, which made him Merrill\u2019s top broker in Indiana. Buck is alleged to have almost exclusively steered his clients into using commission-based accounts since at least 2009 despite the fact that it would have been less expensive for the clients to remain in fee-based accounts. In addition, Buck is believed to have placed trades on behalf of clients without obtaining proper authorizations, something that is prohibited under FINRA standards.<\/p>\n

\u201cHe at times unilaterally placed trades in customer accounts without getting the customers\u2019 acquiescence in advance, or even after placing the trade,\u201d FINRA wrote. \u201cIn other instances, customers explicitly or implicitly allowed him to place trades in their account without prior discussion. Buck did not obtain written authorization to do so from either the customers or Merrill Lynch.\u201d<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group is investigating Indiana-based stockbroker Thomas Buck, who earlier this week was barred by the Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member firm and was accused by FINRA of improperly charging customers and engaging in unauthorized trading. Mr. Buck, a former top broker for Bank of America Merrill Lynch […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580,576],"tags":[507],"class_list":["post-2981","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","category-unsuitable-investment-advice","tag-merrill-lynch"],"yoast_head":"\nLosses with Broker Thomas Buck? - Silver Law Group<\/title>\n<meta name=\"description\" content=\"If you have questions about how your account at Bank of America Merrill Lynch with Thomas Buck was handled, call Silver Law Group today to discuss your opti\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/thomas-buck-merrill-lynch-securities-arbitration\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Losses with Broker Thomas Buck? 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