David Eliot Aycock of Leawood Kansas a stockbroker currently employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint which settled for $18,477.06 in damages on May 30, 2017 founded on accusations that Aycock failed to effected the sale of the customer’s warrants.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Aycock is referenced in three additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed with UBS PaineWebber Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc. Particularly, on June 25, 1998, a customer filed an investment related complaint concerning Aycock’s conduct where the customer sought $166,352.73 in damages based upon accusations that Aycock misrepresented the terms and conditions of the customer’s central asset management account. Then, on May 1, 2000, a customer filed an investment related complaint regarding Aycock’s activities in which the customer requested $77,399.03 in damages supported by allegations that Aycock executed unauthorized over-the-counter equities and mutual fund trades in the customer’s account, mishandling the customer’s investment portfolio.
Moreover, a customer initiated investment related arbitration claim involving Aycock’s conduct was resolved for $97,500.00 in damages founded on accusations that Aycock: placed over-the-counter equities in the customer’s account on an excessive basis; exercised discretion in the customer’s account without obtaining the customer’s permission beforehand; and traded on margin despite having failed to disclose to the customer the risks and costs pertaining to the customer’s margin trading account. National Association of Securities Dealers (NASD) Arbitration No. 01-01943 (May 14, 2001).
Aycock has been registered with UBS Financial Services Inc. since July 26, 1999.
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