Silver Law Group is investigating former Meyers Associates, L.P. (CRD# 34171) broker John E. Buonocore (CRD# 2337214) after FINRA permanently barred him amidst unsuitable recommendations and churning allegations. This is the second Meyers Associates broker our firm has investigated at the same New York, New York location of Meyers Associates, the third one in less than six months.
According to Buonocore’s FINRA BrokerCheck report, Buonocore entered into an Acceptance, Waiver & Consent (“AWC”) with FINRA agreeing to a permanent bar. According to the AWC, Buonocore refused to appear for on-the-record testimony as requested by FINRA in connection with an investigation into certain trading anomalies at his member firm which may have affected the accounts of one or more of Buonocore’s customers.
According to Buonocore’s FINRA BrokerCheck report, Buonocore has had four FINRA arbitrations filed against him. One FINRA arbitration alleging unsuitable recommendations settled in April 2004 for $58,000. Another FINRA arbitration alleging unsuitable recommendations and churning settled in July 2014 for $315,000.
One FINRA arbitration, filed in May 2015, is currently pending. The FINRA arbitration alleges churning, unsuitable recommendations, and damages in the amount of $125,000.
Meyers Associates employed Buonocore at its New York, New York branch from January 2000 to April 2016. Another Meyers Associates broker, Michael S. Lavolpe (CRD# 5054798), was similarly barred by FINRA in July 2016 for failing to respond to requests for documents and information sent by FINRA after it began examining Lavolpe for, among other things, alleged unsuitable recommendations in a customer’s account.
Our firm has investigated now a total of three Meyers Associates brokers with numerous disclosures on their BrokerCheck reports. Our firm investigated another Meyers Associates broker less than four months ago, Matthew A. Siliato (CRD# 5062153), for a recent influx of FINRA arbitrations alleging unsuitable recommendations filed against him.
FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unauthorized trading. We work on a contingency fee basis, meaning you pay us nothing unless we win and recover money for you.
If you have invested with John E. Buonocore, Michael S. Lavolpe, or Matthew A. Siliato and Meyers Associates, L.P. and have lost money doing so, you may be able to recover some or all of your losses. Our lawyers are experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.
Silver Law Group represents the interests of investors who have been the victims of investment fraud. If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com