Jeffrey Buck Named in Dispute Alleging Elder Financial Abuse

Jeffrey Buck (CRD #: 4884887), a broker registered with Madison Avenue Securities, is named in a pending dispute, according to his BrokerCheck record, accessed on February 1, 2023. Investors may have also engaged his services through Buck Wealth Strategies. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On December 5, 2022, Jeffrey Buck was named in a dispute filed by ten investors against four broker-dealers. The dispute alleges violation of the suitability rule, negligence, and elder financial abuse stemming from recommendations of Ceterpointe tenant-in-common interests offered by Cole Capital Partners. The clients seek $653,187 in damages.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals. Brokers must take into account the characteristics described in an investor’s profile, including the following:

• Age
• Financial goals
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

FINRA Rule 2165

FINRA Rule 2165 prohibits the financial exploitation of elderly clients and clients with certain mental or physical impairments.

What qualifies as broker negligence?

Many types of broker misconduct may qualify as negligence. Common examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and unauthorized trading.

Investors who have lost money through broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Jeffrey Buck has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 24 – General Securities Principal Examination

Jeffrey Buck is a registered broker in ten states and a registered investment adviser in Hawaii.

He has also worked for the following firms:

• AE Wealth Management (CRD#:282580)
• Buck Wealth Strategies (CRD#:322138)
• Parkland Securities (CRD#:115368)
• SPC (CRD#:110692)
• H. Beck (CRD#:1763)

Kurta Law Can Help

If you worked with Jeffrey Buck and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.