Wayne Thomas Boucher, of Southfield, Michigan, a stockbroker formerly registered with Corecap Investments, Inc., is the subject of a customer initiated investment related arbitration claim, in which the customer requested $750,000.00 in damages supported by accusations that risky and unsuitable corporate bond purchases were executed in the customer’s account, and the customer was defrauded in reference to a securities transaction. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-02828 (Sept. 9, 2016).
FINRA Public Disclosure confirms that Boucher has been identified in thirty-one customer initiated investment related disputes containing allegations of his improper conduct during the period that he was employed with Corecap Investments Inc., The Ohio Company, Leonard & Co., Inc., and L.M. Kohn Inc. Particularly, on April 10, 2009, a customer filed an investment related written complaint involving Boucher’s conduct, where the customer sought $28,000.00 in damages founded on accusations that Boucher made unsuitable investment recommendations to the customer regarding corporate debt securities.
Subsequently, a customer filed an investment related arbitration claim pertaining to Boucher’s activities, in which the customer requested $800,000.00 in damages based upon allegations of misrepresentation, breach of contract, breach of fiduciary duty, negligence, and fraud relating to corporate bond transactions placed in the customer’s account. FINRA Arbitration No. 16-03202 (Nov. 14, 2016).
Boucher’s registration with Corecap Investments, Inc. was terminated as of March 3, 2017.
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