Alfred Block Focus Of Buckman Buckman Reid Client Complaint Re: Unauthorized Trading

Investors potentially experienced sales practice violations because of securities broker Alfred Gerald Block (also known as Archie Block) [CRD: 1192064, Little Silver, New Jersey], according to disclosures on FINRA BrokerCheck. Block joined Buckman Buckman Reid Inc. on February 10, 2017. Read below to learn more about the disclosures involving this broker and the investments that clients claim led to losses.

Buckman Investor Accused Archie Block Of Churning

Specifically, on August 24, 2024, a Buckman Buckman Reid Inc. client filed FINRA Arbitration No. 24-01778 about Alfred Block. Mainly, the investor alleged that Block churned accounts. As a result, the client allegedly sustained damages connected to options. Therefore, the client requested $2,225,000.00 in compensation from Buckman Buckman Reid Inc. or Block. Evidently, this arbitration is pending a resolution.

Alfred Block Disclosed Unauthorized Trading Allegations By First Montauk Client

Additionally, a client of First Montauk Securities Corp. disputed Alfred Block’s sales practices, based on a complaint dated May 28, 2004. Allegedly, Block engaged in unauthorized trading in equities and converted funds. It appears that Block allegedly caused the client to sustain damages. Consequently, the client sought compensation from First Montauk Securities Corp. or Block in the amount of $50,000.00 in this matter. However, the firm denied the complaint.

Archie Block Disclosed Investor Dispute About Misrepresentation, Breach Of Fiduciary Duty

Evidently, a Marsh Block Co. Inc. client filed NASD Arbitration No. 95-00967 about Alfred Block. Supposedly, Block made misrepresentations, breached his fiduciary duty, engaged in unauthorized trading, and made unsuitable recommendations. Therefore, on June 12, 1997, a NASD Arbitration Panel issued an Award ordering Marsh Block Co. Inc. and Block to pay the client $380,898.75 in damages.

Looking For More Information About Securities Broker Alfred Block?

Are you concerned regarding investments you made with Alfred Block? You should reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a potential recovery. Soreide Law Group is experienced at recovering losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Block and brokerage firms Block worked for deny allegations of sales practice violations.