Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on April 11, 2017 indicate that former Pennsylvania-based Financial Network Investment Corporation broker William Bucci has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Bucci (CRD# 1140193).
William Bucci has spent 28 years in the securities industry and was most recently registered with Financial Network Investment Corporation in King of Prussia, Pennsylvania (2011-2012). Previous registrations include Oppenheimer & Company in Jenkintown, Pennsylvania; Ryan Beck & Company in Conshohocken, Pennsylvania; Gruntal & Company in New York, New York; Legg Mason Wood Walker in Baltimore, Maryland; Prudential Securities in New York, New York; Smith Barney Shearson in New York, New York; Lehman Brothers in New York, New York; and Smith Barney Harris Upham & Company in New York, New York. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received five customer complaints, one pending customer complaint, one regulatory sanction, and one pending regulatory sanction.
In March 2017 the Securities and Exchange Commission launched administrative proceedings against him after he “pled guilty to one count of securities fraud, four counts of mail fraud, one count of mortgage fraud, and pled nolo contendere to five counts of submitting a false tax return before the United States District Court for the Eastern District of Pennsylvania.” The action remains pending.
In 2014 a customer alleged William Bucci, while employed at Ryan Beck & Company, Financial Network Investment Corporation and Oppenheimer & Company, borrowed money from customers. The complaint settled for $100,000.
In 2013 FINRA sanctioned him following allegations he accepted loans from brokerage customers in violation of firm procedures and failed to amend his Form U4 to disclose unsatisfied judgments. He was barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2013 a customer alleged William Bucci, while employed at Ryan Beck & Company and Oppenheimer & Company, induced an investment in unregistered securities. The complaint resulted in an award to the customer of $85,000.
In 2012 a customer alleged William Bucci, while employed at Oppenheimer & Company and Financial Network Investment Corporation, induced investments in unregistered securities. The complaint resulted in an award to the customer of $455,000.
If you have lost money investing with William Bucci, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.