{"id":6825,"date":"2019-02-15T13:32:25","date_gmt":"2019-02-15T19:32:25","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6825"},"modified":"2019-02-15T13:32:25","modified_gmt":"2019-02-15T19:32:25","slug":"investor-fraud-former-mml-investors-broker-who-sold-3-5m-of-woodbridge-notes-is-barred-ex-merrill-lynch-rep-gets-40-month-prison-term-for-defrauding-clients-and-barred-ubs-broker-is-sentenced-in","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-former-mml-investors-broker-who-sold-3-5m-of-woodbridge-notes-is-barred-ex-merrill-lynch-rep-gets-40-month-prison-term-for-defrauding-clients-and-barred-ubs-broker-is-sentenced-in\/","title":{"rendered":"Investor Fraud: Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud"},"content":{"rendered":"<p>\t\t\t\t<strong>Ex-Merrill Lynch Broker Will Pay $5M Penalty and Serve Time In Prison<\/strong><\/p>\n<p>A federal judge has sentenced Thomas Buck, an ex-Merrill Lynch broker, to 40 months in prison. Buck pleaded guilty to securities fraud in 2017.\u00a0As part of his plea, he admitted to lying to Merrill about telling clients about their account options, and, at certain times, making trades for them without getting their approval.<\/p>\n<p>That year, the\u00a0<a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC)<\/a>\u00a0had filed a complaint against Buck accusing him of making over $2.5M in excessive commissions and fees from more than four dozen clients.\u00a0The SEC contends that Buck placed clients into accounts that charged them commissions instead of ones that were fee-based and not as costly. The regulator also accused him of making unauthorized trades. The Commission barred the former Merrill broker from the investment advisory and brokerage industries last year.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-former-mml-investors-broker-who-sold-3-5m-of-woodbridge-notes-is-barred-ex-merrill-lynch-rep-gets-40-month-prison-term-for-defrauding-clients-and-barred-ubs-broker-is-sentenced-in\/\"  title=\"Continue Reading Investor Fraud: Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ex-Merrill Lynch Broker Will Pay $5M Penalty and Serve Time In Prison A federal judge has sentenced Thomas Buck, an ex-Merrill Lynch broker, to 40 months in prison. Buck pleaded guilty to securities fraud in 2017.\u00a0As part of his plea, he admitted to lying to Merrill about telling clients about their account options, and, at [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3762,3792],"tags":[3286,3287,3093,3231,3094,3176,3238],"class_list":["post-6825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-current-investigations","category-ponzi-scams","tag-floyd-powell","tag-john-maccoll","tag-merrill-lynch","tag-mml-investors","tag-thomas-buck","tag-ubs-financial-services","tag-woodbridge-ponzi-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Fraud: Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud &#8212; Investor Lawyers Blog &#8212; February 15, 2019<\/title>\n<meta name=\"description\" content=\"Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep. Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investor-fraud-former-mml-investors-broker-who-sold-3-5m-of-woodbridge-notes-is-barred-ex-merrill-lynch-rep-gets-40-month-prison-term-for-defrauding-clients-and-barred-ubs-broker-is-sentenced-in\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investor Fraud: Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud &#8212; Investor Lawyers Blog &#8212; February 15, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep. Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/02\/2.15.19.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investor Fraud: Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep Gets 40-Month Prison Term for Defrauding Clients, and Barred UBS Broker is Sentenced in $3.7M Fraud &#8212; Investor Lawyers Blog &#8212; February 15, 2019","description":"Former MML Investors Broker Who Sold $3.5M of Woodbridge Notes is Barred, Ex-Merrill Lynch Rep. 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