Andrew William Payne, of Hartford, Connecticut, previously registered with UBS Financial Services, is the subject of two customer initiated investment related disputes. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that in the first dispute, the customer alleged that Payne had shares journaled and sold to another account without authorization from the customer between July 16, 2020, to February 20, 2024. The dispute was settled on June 10, 2024, with UBS Financial Services paying $16,000.00 in compensation.
In the second dispute, the customer verbally alleged that the securities Payne recommended were not in the customer’s best interest during the period from January 2023 to September 2023. This case was settled on March 13, 2024, with UBS Financial Services paying $15,611.36 in compensation.
Payne was associated with UBS Financial Services from October 12, 2011, to August 17, 2023, and later with Aegis Capital Corp. from August 2023 to April 2024.
