February 2018-West Palm Beach, FL
The FINRA records of William Bruckner , a stockbroker who is not currently registered with any broker dealer and who was last employed by Woodstock Financial Group disclose a regulatory event and a termination from employment.
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 3/2017 Bruckner was fined $5,000 and suspended for 15 days by FINRA to resolve allegations that while employed by Merrill Lynch, he mismarked 20 order tickets as unsolicited when, in fact, he had solicited the underlying trades to his customers. FINRA Case 2016050195201
In 5/2016 Bruckner was discharged from Merrill Lynch who made the following allegation on his FINRA record: “Conduct including solicitation of no opinion securities, mismarking trades as unsolicited and failure to be forthcoming in discussions with the Firm”.
Bruckner was employed by Woodstock Financial Group from 5/2016-2/2018 and Merrill Lynch from 7/2012-6/2016. Prior to that he was employed by Sanford C. Bernstein 2/2010-7/2012. He discloses a business affiliation with Banyan Private Wealth in West Palm Beach, FL.
If you have questions about an account handled by William Bruckner , call to speak with an experienced securities attorney to discuss your options.
Solicited vs Unsolicited Trade
A solicited trade is a transaction where the broker contacts the customer to commence the transaction, generally meaning that it is the idea of the broker to buy or sell a particular investment. An unsolicited trade is one in which the customer initiates the trade; ie, the customer tells the broker he would like to buy or sell a particular investment.
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.
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