Unsuitable Investments with Laidlaw & Company (Uk) Ltd. Broker John Busco?
Posted on Tuesday, October 8th, 2019 at 7:36 am
Laidlaw & Company (Uk) Ltd. broker John Busco (CRD# 825869) is alleged to recommend unsuitable investments and engage in excessive trading. Busco has been registered with Laidlaw & Company (Uk) Ltd. in New York, New York since March 2019. Previously, Busco was registered with Morgan Stanley in Toms River, New Jersey from 2009 to 2019.
Busco has been the subject of 12 customer complaints between 1992 and 2019, five closed without action, three were denied, and three were settled, according to his CRD report. Recent complaints are regarding:
July 2019. “Client verbally alleged excessive trading with respect to trades in managed accounts – January 2018 to March 2019.: The case was settled for $61,478.26. This case was regarding managed and wrap accounts and an in-house money manager.
March 2019. “Claimants allege, inter alia, unsuitability with respect to investments – Jan 2009 – Dec 2018.” The case is currently pending. This case was regarding direct investments.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Laidlaw & Company (Uk) Ltd. may be liable for investment or other losses suffered by Busco’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.