Dwight Clyde West of Lone Tree Colorado a stockbroker and financial advisor currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages founded on allegations that between 2008 and 2017: (1) unsuitable investment recommendations had been made to the customer (2) trades were placed in the customer’s investment account without the customer’s permission and (3) the customer’s individual retirement account had been negligently serviced. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-01959 (May 24, 2018).
FINRA Public Disclosure confirms that West is referenced in four more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Morgan Stanley, PaineWebber Inc., Interstate Securities Corp., and Dean Witter Reynolds Inc. Specifically, on September 16, 1999, a customer filed an investment related complaint involving West’s activities where the customer requested $40,000.00 in damages based upon allegations that the customer was provided false information about an equity order, resulting in the customer having incurred investment losses.
Subsequently, a customer initiated investment related arbitration claim involving West’s conduct was resolved for $225,000.00 in damages supported by accusations of securities law violations pertaining to stock purchases effected in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 99-04809 (Feb. 6, 2001).
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