Jack Ryan Riley, of Warren, New Jersey, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested $1,450,000.00 in damages based upon allegations that Riley made misrepresentations of material fact and made unsuitable recommendations of options overlay strategies during the time that Riley was associated with UBS Financial Services Inc. FINRA Arbitration No. 23-00271 (February 1, 2023).
FINRA Public Disclosure shows that Riley is referenced in four other customer initiated investment related disputes concerning Riley’s conduct while associated with securities broker dealers, including UBS Financial Services Inc. On February 20, 2014, a customer filed an investment related complaint involving Riley’s conduct in which the customer requested damages based upon allegations that Riley failed to follow instructions when Riley was associated with UBS Financial Services Inc. The securities broker dealer denied this complaint.
On May 24, 2022, a customer filed an investment related complaint involving Riley’s conduct in which the customer requested compensation based upon allegations that Riley failed to follow instructions concerning the liquidation of stocks. This complaint was denied by the securities broker dealer.
Riley was also referenced in a customer initiated investment related complaint that was settled on September 27, 2022, for $40,510.00 in damages based upon the alleged failure to liquidate securities in the customer’s account.
On February 1, 2023, a different customer filed an investment related FINRA securities arbitration claim involving Riley’s conduct in which the customer requested $500,000.00 in damages based upon allegations that Riley made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of options when Riley was associated with UBS Financial Services Inc. FINRA Arbitration No. 23-00270.
Riley has been associated with UBS Financial Services Inc. as a stockbroker and as an investment advisor representative since August 16, 2013.
