Erez Law is currently investigating former Pinnacle Investments, LLC broker Ronald Bucher (CRD# 1804910) related to stock loss allegations. He was registered with San Blas Securities LLC in Atlanta, Georgia, in August 2023. Previously, he was registered with Pinnacle Investments, LLC in Fort Myers, Florida, from 2019 to 2023, when he was terminated regarding, “Violating company policy by communicating with a client through text and failing to disclose that violation on a FINRA 8210 form.”
Prior to then, he was registered with Oppenheimer & Co. Inc. in Fort Myers, Florida, from 2018 to 2019 and with Raymond James & Associates in Ft. Myers, Florida, from 2007 to 2018, when he was terminated regarding, “FA was interviewed concerning a trade he had executed in a deceased client’s account and was also notified that the Firm would be contacting some of his clients to determine whether he had spoken with them prior to executing trades in their non-discretionary accounts. FA resigned after several of his clients were contacted and he was made aware that multiple clients had stated he had not been speaking with them prior to executing trades in their accounts.” He was then registered with McDonald Investments Inc., Stanford Group Company, Josephthal & Co., Inc., and A. G. Edwards & Sons, Inc., which he was terminated from regarding, “none exercised time discression beyond 24 hours without more than verbal instructions. rules require written authorization for longer than 24 hours. there was no customer complaint. client was happy and quite suprised by my dismissal over this issue.” Before then, he was registered with Prudential Securities Incorporated in New York, New York, from 1994 to 1997, when he was terminated regarding, “none discharged for entereing order by order of a poa after the client had died. Failed to close account and reopen under deceased title.”
In December 2023, FINRA barred him after he consented to the sanction and to the entry of findings that he “refused to produce information and documents requested by FINRA in connection with its investigation into the allegations his member firm made in a Form U5 filing. The findings stated that allegations included communicating with customers via text messages and personal email. Although Bucher produced some information in response to the request, he failed to produce other information, including the requested customer communication.”
Ronald Bucher Customer Complaints
He has been the subject of six customer complaints between 1997 and 2023, one of which was withdrawn, according to his CRD report. The most recent complaints were regarding:
August 2023. “Client alleges investments were not in line with stated objective and transactions were not authorized. Client states this activity spans the length of the relationship with the representative.” The customer is seeking $77,772.32 in damages, and the case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Pinnacle Investments, LLC.
August 2023. “Customer alleges account was not managed in a manner consistent with stated objectives and transactions were made without their knowledge. Client indicated this has been consistent throughout the relationship with the representative..” The case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Pinnacle Investments, LLC.
June 2023. “On 6/6/23 Pinnacle compliance spoke to client as a followup to client e-mail referencing a decline in bis account values. During this call no formal complaint was made by the client nor was any claim of damages made. Client only reiterated his decline in value as well as a decline in verbal communication during 2022/23. After further investigation Pinnacle determined that the broker had been primarily communicating about the accounts with this client through text instead of verbally. That is a violation of company policy and the broker was terminated. As of the last call made by Pinnacle compliance to the client no formal complaint or damage claim has been made by the client outside of the use of unregulated texting.” The case is currently pending. The complaint was regarding common and preferred stock losses, and it took place while he was registered with Pinnacle Investments, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Pinnacle Investments, LLC may be liable for investment or other losses suffered by Ronald Bucher’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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