The law firm of Oakes & Fosher is presently investigating the alleged misconduct of securities broker Ronald Bucher. According to his publicly available FINRA BrokerCheck report, Ronald Bucher has been the subject of multiple customer disputes over the course of his career.
Ronald Bucher is a Florida based securities broker. He has worked in the securities industry for thirty-one years. During his career, he has been registered with thirteen different securities firms.
His Registrations
- Glickenhaus & Co. (1988)
- Dean Witter Reynolds Inc. (1988-1989)
- Moore & Schley, Cameron & Co. (1989-1990)
- Hanifen, Imhoff Securities Corp. (1990)
- Josephthal & Co. (1990-1991, 1998-2001)
- Josephthal Lyon & Ross Incorporated (1991-1994)
- Prudential Securities (1994-1997)
- A.G. Edwards & Sons (1997-1998)
- Stanford Group Company (2001-2003)
- McDonald Investments (2003-2007)
- Raymond James & Associates (2007-2018)
- Oppenheimer & Co. (2018-2019)
- Pinnacle Investments (2019-Present)
The Allegations
- In March 1997, Ronald Bucher was discharged from his position at Prudential Securities Incorporated following allegations of continuing to enter orders on a deceased client’s account.
- In April 1997, a customer alleged that Ronald Bucher recommended unsuitable investments. This case was settled for $13,500 in damages.
- In May 1998, Ronald Bucher was terminated from his position at A.G. Edwards & Sons. This followed allegations that he exercised time discretion beyond 24 hours without the necessary authorization.
- In October 2002, a customer alleged that Ronald Bucher executed unauthorized trades, made material misrepresentations, breached contract, managed their account negligently, and committed common law fraud. This case went to arbitration where the customer was awarded $10,000 in damages.
- In July 2018, Ronald Bucher resigned from his position at Raymond James. This followed allegations that he executed trades in the account of a deceased customer. He also allegedly executed unauthorized trades in multiple other customer accounts.
Unauthorized Trading
There is a common misconception among casual investors that believe hiring a securities broker equates to surrendering control over their account. This is most certainly not the case. Securities brokers are still required to obtain an investor’s permission before executing a trade on their behalf. Brokers who circumvent this procedure of authorization often do so because they wish to invest their customer in something that is unsuitable for them.
Oakes & Fosher Can Help
Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Ronald Bucher, please contact Oakes & Fosher for a free and private consultation. We work on a contingency basis, which means there are no fees charged unless we collect for you.
