Phillip John Bucaro (CRD #2171289, West Chicago, Illinois)
was fined $7,500 and suspended by FINRA for four months for allegedly selling unapproved equity-indexed annuities (EIAs) to the clients in his firm and Bucaro receiving approximately $203,000 for those sales.
FINRA's findings stated that the firm had an approved EIA list that it allowed its representatives to sell to clients. None of the EIAs that Bucaro sold to his clients were on the firm’s approved list. Bucaro did not give prior written notice of his business activities to the firm.
The suspension is in effect from October 6, 2014, through February 5, 2015.
(FINRA Case #2011028635701)
Phillip John Bucaro is currently registered with the following securities firm:
THE LEADERS GROUP, INC. (CRD# 37157)
1254 REMINGTON ROAD, SUITE A, SCHAUMBURG, IL 60173
Phillip John Bucaro was previously registered with the following securities firm(s):
10/1996 - 07/2011 PRUCO SECURITIES, LLC. (CRD# 5685) - ROSEMONT, IL
12/1994 - 05/1995 BARABAN SECURITIES, INC. (CRD# 7659) - LOS ANGELES, CA
12/1994 - 12/1994 MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED (CRD# 7691) - NEW YORK, NY
06/1993 - 11/1994 COHIG & ASSOCIATES, INC. (CRD# 16184) - ENGLEWOOD, CO
03/1993 - 06/1993 THOMAS JAMES ASSOCIATES, INC. (CRD# 15609) - ROCHESTER, NY
FINRA expelled the firm in 03/1999
01/1993 - 03/1993 COHIG & ASSOCIATES, INC. (CRD# 16184) - ENGLEWOOD, CO
10/1991 - 01/1993 KOBER FINANCIAL CORP. (CRD# 17551) - ENGLEWOOD, CO
09/1991 - 10/1991 CHATFIELD DEAN & CO., INC. (CRD# 14714) - GREENWOOD VILLAGE, CO
This ends the information obtained from FINRA’s website under "Disciplinary and Other FINRA Actions, November 2014."
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