Ron Bucher: FINRA Bars Ex-Pinnacle Advisor

Former Fort Myers financial advisor Ron Bucher (CRD# 1804910) was recently sanctioned in connection with allegations he refused to cooperate with an investigation. Financial Industry Regulatory Authority records show that he was most recently registered as a broker with San Blas Securities and Pinnacle Investment.

Mr. Bucher’s BrokerCheck report discloses the recent FINRA sanction against him. Filed in December 2023, it describes findings that he “refused to produce information and documents requested by FINRA in connection with its investigation” into allegations made by his former member firm. The allegations in question involved text message and email communications with customers. “Although Bucher produced some information in response to the request,” FINRA found, “he failed to produce other information, including the requested customer communication.” In connection with these findings, FINRA permanently barred him from associating with any member firm in any capacity.

His BrokerCheck report also discloses several investor complaints. The most recent, filed in August 2023, alleged that as a representative of Pinnacle Investments, he recommended unsuitable investments and made unauthorized transactions. The pending complaint alleges damages of $77,772.32.

A second investor complaint, also filed in August 2023, similarly alleged that he made unsuitable recommendations and unauthorized trades as a Pinnacle Investments representative. The pending complaint alleges unspecified damages.

A third investor complaint, filed in June 2023, alleges that he did not make the client aware of “what was being traded in the account.” The pending complaint alleges unspecified damages.

A fifth disclosure on his BrokerCheck report concerns his termination from Pinnacle Investments. Filed in July 2023, it describes allegations that he violated company policy by texting with a client, and that he failed to disclose the alleged violation on a FINRA firm. “Pinnacle Compliance contacted me after reaching out to a client and having concerns regarding my interactions with this client and during this review I admitted to having text based communication with the client contrary to my prior representations,” he wrote in a comment included with the disclosure. “Pinnacle decided that this violation of their rules was worthy of termination.”

According to the Financial Industry Regulatory Authority, Ron Bucher holds 34 years of securities industry experience. Most recently based in Atlanta, Georgia, he was last registered with San Blas Securities from August 23, 2023 until August 31, 2023. His registration history includes Pinnacle Investments (Fort Myers, Florida; 2019-2023), Oppenheimer & Company (Fort Myers, Florida; 2018-2019), Raymond James & Associates (Fort Myers, Florida; 2007-2018), McDonald Investments (Fort Myers, Florida; 2003-2007), Stanford Group Company (Houston, Texas; 2001-2003), Josephthal & Company (New York, New York; 1998-2001), AG Edwards & Sons (St. Louis, Missouri; 1997-1998), Prudential Securities (New York, New York; 1994-1997), and Josephthal Lyon & Ross (New York, New York; 1991-1994). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is currently barred from acting as a broker. (Information current as of January 16, 2024.)

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