Securities Investigation – Ron Ison – Buckman, Buckman & Reid
According to a Letter of Acceptance, Waiver and Consent on theFinancial Industry Regulatory Authority’s website, the regulator has barred New Jersey financial advisor Ron Jason Ison (CRD No. 2897782) from working in the securities industry.
On January 22, 2018, in connection with an investigation into potential unauthorized and unsuitable trading, FINRA staff reportedly sent a request to Ron Ison for on-the-record testimony. On March 15, 2018, Ison reportedly provided a partial day of testimony before requesting an adjournment of the remainder of his testimony. According to Ison’s counsel, he will not appear for additional testimony as required by FINRA. Consequently, he has reportedly been barred from associating with any FINRA member firm in any capacity.
According to his FINRA BrokerCheck report, Ison has been registered with Buckman, Buckman & Reid in Little Silver, New Jersey since 2010. Prior to that, he worked for Mercy Capital in New York, New York from March 2006 until January 2010. Ison has six customer disputes listed on his broker report. Allegations include breach of fiduciary duty, negligence, common fraud, suitability, excessive trading, among others.
For FINRA’s full findings see FINRA case # NO. 2017053698501.
Failure to Supervise
The White Law Group is investigating potential claims involving the liability that Ron Ison’s employer may have for failing to properly supervise him.
Brokers are prohibited from engaging in underhanded businesses practice, like churning or unauthorized trading. They have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
Are you concerned about your investments with Ron Ison? If so, the securities attorneys of The White Law Group may be able to help. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.