Margaret Mary Lech-Loubet of Beverly Hills California a stockbroker formerly employed by UBS Financial Services Inc. is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on May 22, 2018 based upon accusations that the risks and illiquidity of the customer’s structured products holdings were not disclosed to the customer by Lech-Loubet at the time that those investments were sold and (2) structured products held in the customer’s brokerage account between 2014 and 2018 were in no way suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Lech-Loubet is referenced in four additional customer initiated investment related disputes containing allegations of her violative conduct while employed with UBS Financial Services Inc. Particularly, a customer initiated investment related arbitration claim involving Lech-Loubet’s conduct was settled for $200,000.00 in damages supported by accusations that between 2014 and 2016: transactions effected in the customer’s account were not appropriate for the customer, and the customer’s investment account had been overconcentrated in energy sector investments. FINRA Arbitration No. 16-01584 (May 11, 2017).
Another customer initiated investment related complaint concerning Lech-Loubet’s activities was resolved for $50,000.00 in damages on September 8, 2017, founded on allegations that structured notes sold to the customer were inappropriate given the customer’s age and financial circumstances. Additionally, on December 4, 2017, a customer initiated investment related complaint involving Lech-Loubet’s conduct was settled for $65,000.00 in damages based upon accusations that omissions were made to the customer concerning the risks and irrevocability of the investments selected for the customer’s brokerage account; and the investments sold to the customer were unsuitable given the customer’s goals of preservation of capital.
Then, a customer initiated investment related arbitration claim concerning Lech-Loubet’s activities was resolved for $157,500.00 in damages supported by allegations that from May of 2014 to September of 2016, misrepresentations had been made to the customer by Lech-Loubet concerning the risks which pertained to the structured notes sold to the customer; and those structured notes that Lech-Loubet sold the customer failed to be suitable given the customer’s tolerance for risk. FINRA Arbitration No. 17-01289 (May 24, 2018).
Lech-Loubet’s employment with UBS Financial Services Inc. was terminated on July 28, 2011.
