John Halsey Buck III of Boston Massachusetts a stockbroker formerly registered with Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Buck obstructed FINRA’s investigation into allegations that he engaged in unauthorized private securities transactions. Letter of Acceptance Waiver and Consent No. 20180576297-01 (Nov. 11, 2018).
According to the AWC, Morgan Stanley informed FINRA via Form U5 that the firm discharged Buck on January 29, 2018 founded on accusations of Buck’s untimely and incomplete disclosures relating to private investments. Following up in this regard, FINRA reached out to Buck in a letter dated August 31, 2018, where the regulator sought for Buck to provide it information and documentation concerning the allegations of Buck’s unauthorized private securities transactions. The AWC stated that Buck was supposed to have provided the information and documentation to FINRA personnel by September 14, 2018, and that he was warned that his failure to do so would be grounds for disciplinary action.
The AWC stated that Buck informed FINRA on September 17, 2018 that he was in receipt of FINRA’s request but that he would at no point be providing the information and documentation. The AWC stated that Buck ultimately refused to furnish the details to FINRA regarding his private securities transactions. FINRA found Buck’s conduct violative of FINRA Rules 2010 and 8210. Consequently, he was barred by FINRA from the securities industry.
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