FINRA fines broker-dealer for not conforming to suitability rule

Chris Hamblin

29 April 2019

BBR and director Chip Buckman were held to have broken NASD Rule 3010 (for conduct before December 2014), FINRA Rule 3110 (for conduct on or after that date) and FINRA 2010. BBR has agreed to pay restitution to the customers in the total amount of $205,554, plus interest; the director is paying a fine of $20,000.

Buckman's headquarters are in Little Silver in New Jersey. It employs approximately 50 registered representatives and has two branch offices.