September 2019 -Southfield, MI
According to publicly available records Wayne T. Boucher (CRD#26819) , a currently unregistered stockbroker who last worked for Corecap Investments disclose 32 prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the most recent matter, FINRA case 16-3202, a customer of CoreCap Investments/Leonard & Co./ L.M. Kohn alleged that Boucher was negligent, committed fraud, and violated FINRA rules in conjunction with the sale of corporate bonds and sought damages in the range of $800,000-$1.4 million. In 1/ 2018 that matter was settled for $167,500.
Boucher’s FINRA records disclose that during his career 31 suits brought by his customers were resolved with cash payments. Total settlements are nearly $2 million.
Boucher was employed by Corecap Investments from October 2012 until March of 2017.
If you have questions about an account handled by Wayne Boucher contact us to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900