John Buck, formerly of Morgan Stanley, Pleads Guilty to Securities Fraud
Have you lost money with financial advisor John H. Buck of Boston, Massachusetts? We are continuing to look into allegations made by against John H. Buck III. Buck was previously the subject of a complaint by FINRA (the Financial Industry Regulatory Authority). FINRA barred Buck from the securities industry after he failed to respond to an investigation. FINRA was investigating Buck after he was terminated by his brokerage firm, Morgan Stanley, for failing to timely and completely disclose his involvement in private securities transactions.
In January 2019, Buck agreed to plead guilty to securities fraud. Prosecutors are seeking a 78-month prison sentence against Buck. While prosecutors are likely to order Buck to pay restitution, it is highly unlikely that Buck will pay anything meaningful back to his victims. Investors will need to look at other potential sources of recovery, like Morgan Stanley, to try to recover their losses.
John Buck was a financial advisor and registered representative of Morgan Stanley from May 2010 to February 2018. He worked at a branch office in Boston, Massachusetts. Buck was terminated by Morgan Stanley. Buck’s BrokerCheck report also discloses that he was an investor in Gemini Partners, a venture fund.
Brokerage firms like Morgan Stanley have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts and the Boston area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Morgan Stanley.
Click to view: Buck, John FINRA AWC
Click to view: Buck, John BrokerCheck 10.15.18
Read Related Article: WARNING! Impending Investigation: JOHN BUCK of Boston, MA
If you lost money with John Buck or Morgan Stanley, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.