DID RONALD LUTHER BUCHER CAUSE YOU INVESTMENT LOSSES?
Ronald Bucher Formerly With San Blas Securities LLC Has 7 Customer Complaints For Alleged Broker Misconduct
About Ronald Bucher formerly with San Blas Securities LLC?
Ronald Bucher (CRD #1804910) , located in Chicago, Illinois, has a lengthy career in the securities industry, spanning over three decades. He has worked for 15 different firms, with the most recent registration being with San Blas Securities LLC in August 2023. Other notable affiliations include Pinnacle Investments, LLC (2019–2023), Oppenheimer & Co. Inc. (2018–2019), and Raymond James & Associates, Inc. (2007–2018). Bucher passed two general industry/product exams (Series 7 and Securities Industry Essentials Examination) and two multi-state securities law exams (Series 63 and 65). Despite his experience, Bucher is currently not registered with any firm.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ronald Bucher Customer Complaints and Reviews
Ronald Bucher has multiple disclosures reported in his FINRA record, including customer disputes and terminations:
- Regulatory Action (2023):
- Bucher was permanently barred by FINRA for failing to produce requested documents related to an investigation of his communication practices. The matter was resolved with a settlement agreement.
- Customer Disputes:
- In 2003, Bucher was ordered to pay $10,000 for allegations including unauthorized trading and misrepresentation while at Stanford Group Company.
- In 1997, a settlement of $13,500 was made to resolve claims of unsuitable and unauthorized trades while Bucher was with Prudential Securities.
- Four pending disputes, including one with alleged damages of $2,000,000 (under FINRA 24-00735), claim breaches of fiduciary duty, unauthorized trading, and negligence.
- Terminations:
- Bucher’s employment history includes several terminations linked to compliance issues, such as violating company policies or failing to meet procedural requirements.
- Pinnacle Investments: In 2023, Bucher was discharged from the company for communicating with clients via text in violation of company policy.
- Raymond James: In 2018, he resigned from the company following concerns about trades executed without proper client communication.
- A.G. Edwards & Sons: in 1998, discharged for exercised time discretion beyond 24 hours
- Prudential Securities: in 1997, discharged for entering order by order of a POA after the client had died.
Allegations Against Ronald Bucher
The allegations against Ronald Bucher highlight concerns about his professional conduct and adherence to regulations. Notable accusations include:
- Regulatory Non-Compliance: In 2023, Bucher failed to provide FINRA with requested documentation during an investigation, resulting in a permanent bar.
- Unauthorized Trading and Mismanagement: Several disputes allege unauthorized transactions and account mismanagement, including a $2,000,000 pending claim spanning 2018–2023.
- Communication Issues: Multiple terminations and client disputes cite inadequate communication, including unauthorized use of text messaging for client interactions.
Ronald Bucher Red Flags & Your Rights As An Investor
Of course, Ronald Bucher did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ronald Bucher at San Blas Securities LLC on alert to review carefully the activity and performance of their accounts and question whether Ronald Bucher has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at San Blas Securities LLCalso raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At San Blas Securities LLC Due To Ronald Bucher
If you have questions about San Blas Securities LLC and/or Ronald Bucher and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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