Marc Donald Bushey, formerly with NYLife Securities of Bridgewater, MA, Barred by FINRA

Soreide Law Group (888-760-6552) obtained the following from FINRA’s February 2017 Disciplinary Report:
Marc Donald Bushey (CRD #2405482, Plympton, Massachusetts)
was barred by FINRA for allegedly converting and improperly using a trust fund for his personal use, which he neither owned nor was entitled to possess.
FINRA’s findings stated that Bushey assisted a client and her now-deceased father with creating the trust for the benefit of the client’s two minor children. The client and a third party with whom Bushey had a business relationship were appointed as co-trustees Marc Donald Bushey then assisted the trust with opening an account at his member firm, for which he served as the registered representative of record. Bushey allegedly wrote at least seven checks from the trust’s account, made out to “cash,” for a total of $10,900. Bushey then allegedly deposited those checks into his personal bank account and used the funds for his personal use. Neither trustee authorized Marc Donald Bushey’s actions.
(FINRA Case #2016051803901)
FINRA has permanently barred Marc Donald Bushey from acting as a broker or otherwise associating with firms that sell securities to the public. He was registered in the securities industry for 16 years and was listed with 5 firms, the two most recent listed below:
09/30/2016 - 11/02/2016 LASALLE ST SECURITIES - Braintree, MA
03/09/2005 - 10/25/2016 NYLIFE SECURITIES LLC - BRIDGEWATER, MA
If you were a client of Marc Donald Bushey formerly with NYLife Securities of Bridgewater, MA, and you experienced losses due to his actions or recommendations, call Soreide Law Group and speak to a Securities Lawyer regarding the possible recovery of your financial losses at: 888-760-6552.
Soreide Law Group operates on a contingency fee basis and we represent clients nationally before FINRA.