Ex-Top 100 Advisor Pleads Guilty to Securities Fraud

Friday, Mar 16 2018

News Roundup

Written by PFA News

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Thomas. J. Buck, who was a top 100 ranked advisor with Merrill Lynch, is scheduled to be sentenced next month after have pleaded guilty to securities fraud. So reports the Indianapolis Business Journal.

Buck has already agreed to pay $5 million following a Securities and Exchange Commission probe of the violation, which resulted in the advisor’s clients losing $2 million because he recommended products with excessively high fees.

Read the full article from the Indianapolis Business Journal.

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