888-923-9223Menzer & Hill, P.A. is investigating claims involving Phillip John Bucaro (CRD #2171289, West Chicago, Illinois), an associated person with The Leaders Group. Bucaro recently entered into a Letter of Acceptance, Waiver, and Consent (“AWC”) where he was fined $7,500 and suspended from association with any FINRA member in any capacity for four months. See FINRA Case #2011028635701. The findings stated that Bucaro sold equity-indexed annuities that were not on his firm’s approved product list and received approximately $203,000 in compensation for selling those annuities. The findings also stated that Bucaro failed to inform his firm of the outside business activity.
Pursuant to FINRA Rules, brokers are required to disclose all outside business activities and only sell investment products that are approved by the broker-dealer. If you are or were a client of Bucaro and suffered losses please contact Menzer & Hill, P.A. at 888-923-9223 to explore your investment recovery options.