Former Heavy Hitting Broker Banned From Securities Industry

(New York Post) A former powerhouse investment broker, who managed $1.3 billion for Merrill Lynch before he was fired, has been permanently banned from the securities industry for charging his customers excessive fees and making unauthorized trades, the industry’s regulator said Tuesday. Thomas Buck, a former Indiana University linebacker who hired his NFL cheerleader daughter to work on his team, was one of Merrill’s biggest and most powerful producers before his dismissal in March.

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