Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 16, 2019 indicate that New York-based Laidlaw & Company broker/adviser John Busco has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Busco (CRD# 825869).
John Busco has spent 36 years in the securities industry and has been registered with Laidlaw & Company in New York, New York since March 2019. Previous registrations include Morgan Stanley in Toms River, New Jersey (2009-2019); Citigroup Global Markets in Toms River, New Jersey (2008-2009); UBS Financial Services in Northfield, New Jersey (2001-2008); Merrill Lynch in New York, New York (1988-2001); Shearson Lehman Hutton (1988); EF Hutton & Company (1982-1988); and Dean Witter Reynolds (1982). He has passed eight securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on February 8, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 26, 1984; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on October 26, 2001; PC (AMEX Put and Call Exam), which he obtained on November 3, 1982; Series 7 (General Securities Representative Examination), which he obtained on June 18, 1977; Series 1 (Registered Representative Examination), which he obtained on August 9, 1976; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on December 3, 1993. He is a registered broker and investment adviser with 15 US states and territories: Colorado, Delaware, Florida, Maine, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, and Texas.
According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.
In March 2019 a customer alleged John Busco, while employed at Citigroup Global Markets, recommended unsuitable investments. The customer is seeking unspecified damages in the pending complaint.
In 2011 a customer alleged John Busco, while employed at Citigroup Global Markets, recommended unsuitable investments in Fannie Mae and Freddie Mac. The complaint settled for $40,000.
In 1991 a customer alleged John Busco, while employed at Merrill Lynch, recommended a switch in her portfolio that led to her money’s investment in “lower quality securities.” The complaint settled for $15,000.
If you or someone you know has lost money investing with John Busco, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.