Dwight Clyde West of Lone Tree Colorado a stockbroker registered with UBS Financial Services is the subject of a customer initiated investment related complaint on March 7, 2019 in which the customer requested $10,000.00 in damages based upon allegations that the risks of transactions effected by the stockbroker between 2013 and 2018 had exceeded the customer’s risk tolerance and that misrepresentations were made to the customer concerning investment returns through UBS as compared with the customer’s prior securities broker dealer.
West has been identified in five more customer initiated investment related disputes concerning accusations of his misconduct while employed by securities broker dealers including PaineWebber Inc., UBS Financial Services and Morgan Stanley DW Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer initiated investment related complaint concerning West’s activities was resolved for $30,000.00 in damages founded on accusations that transactions executed by West were unsuitable for the PaineWebber customer and had caused the customer to incur unwarranted losses.
Another customer initiated investment related arbitration claim pertaining to West’s conduct was settled for $225,000.00 in damages supported by allegations of sales practice violations relating to the stock trades effected by West at Morgan Stanley. West is also referenced in a customer initiated investment related arbitration claim which was resolved for $19,890.00 in damages based upon accusations that the UBS Financial Services customer had been poorly advised by the stockbroker and that unauthorized trades were effected in the customer’s account between 2009 and 2017. FINRA Arbitration No. 18-01959 (Oct. 12, 2018). According to the claim, the customer’s account had been abandoned and there was a failure on the stockbroker’s part to correspond with the customer.
West has been registered with UBS Financial Services since February 13, 2009.
