Scott Eugene Buck (CRD #1374445, Stow, Ohio)

July 22, 2024 – An AWC was issued in which Buck was fined $7,500 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Buck consented to the sanctions and to the entry of findings that he effected three unauthorized transactions in a customer’s account to fund the customer’s required minimum distributions, including one transaction Disciplinary and Other FINRA Actions 21 September 2024 after the customer died. The findings stated that the trades included sales of mutual fund positions, which totaled approximately $44,000. Buck did not earn any commissions on the trades. Buck learned of the customer’s death after placing the third trade.  Subsequently, Buck falsely indicated to his member firm that he had attempted to reach the customer on the day of that trade. The findings also stated that Buck used an unapproved communication method, his personal cell phone, to communicate via text message with firm customers regarding firm-related business, including securities recommendations and orders, causing his firm to not preserve those communications. In addition, Buck falsely answered a question on his firm’s annual compliance questionnaire that asked whether all of his investment, financial or insurance related electronic communications were exchanged using his firmapproved email. Ultimately, without being asked to do so, Buck provided all of his text messages with customers to his firm. The suspension is in effect from August 19, 2024, through October 18, 2024. (FINRA Case #2022075350101) If you have suffered losses as a result of Scott Eugene Buck's act and/or actions we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Scott Eugene Buck. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.