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Anthony Bui Allegedly Engaged in Commission Abuse

Anthony Bui (CRD #: 5803348), a broker registered with JP Morgan, is the subject of an investor dispute, according to his BrokerCheck record, accessed on November 6, 2023. Details are provided below. 

On August 9, 2023, an investor alleged that Anthony Bui executed securities transactions to generate commissions and fees. 

The dispute was denied by the firm, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

Excessive Trading

FINRA Rule 2111, a.k.a. The Suitability Rule, requires brokers to tailor their investment recommendations to suit investors’ needs. Trades must be quantitatively suitable, meaning the number of trades must suit an investor’s needs. Each trade comes with a transaction fee, so too many transactions will result in excessive fees for the investor. Excessive trading is also known as “churning.” 

Background Information 

Anthony Bui has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 
  • Series 6 Investment Company Products / Variable Contracts Representative Examination 

He is a registered broker in Arizona. He is also dually registered as a broker and investment adviser in Texas. 

During his 13 years of experience, he has registered with four firms:

  • JP Morgan Securities (CRD #: 79) 
  • LPL Financial (CRD #: 6413) 
  • Wells Fargo Clearing Services (CRD #: 19616) 
  • Chase Investment Services (CRD #: 25574) 

Kurta Law Can Help

If you worked with Anthony Bui and have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.