Thomas Buck built a reputation as one of the state’s top financial advisers before being sentenced to prison for securities fraud in 2019.
The former star Merrill Lynch broker this month threw federal prosecutors for a loop, arguing days before his scheduled sentencing for securities fraud that his offense caused “zero financial loss.”
Former Merrill Lynch broker Thomas J. Buck used to generate millions of dollars in annual revenue for the brokerage giant. But lately, he’s been costing it millions. Merrill Lynch has paid more than $4.1 million in settlements related to Buck’s alleged misconduct since firing him in March.
Thomas J. Buck, who spent 34 years at the local office of Merrill Lynch while becoming one of the country’s top financial advisers, suddenly split from the firm last week.
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.