Michael Monatlik of Beverly Hills California a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages founded on allegations that between May of 2011 and February of 2018, Monatlik (1) recommended master limited partnership and municipal bond investments that were not suitable for the customer and (2) made misrepresentations to the customer concerning the risks of investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00730 (Mar. 22, 2018).
FINRA Public Disclosure confirms that Monatlik is referenced in three additional customer initiated investment related disputes pertaining to accusations of his violative conduct while employed with UBS and Morgan Stanley DW Inc. Specifically, a customer initiated investment related arbitration claim concerning Monatlik’s activities was settled for $24,999.99 in damages supported by allegations including negligence, suitability, misrepresentation, and the failure to supervise over-the-counter equities trades executed in the customer’s account. National Association of Securities Dealers (NASD) Arbitration No. 02-10327 (Dec. 15, 2004).
Then, on April 5, 2005, a customer filed an investment related complaint concerning Monatlik’s activities in which the customer requested $10,500.00 in damages based upon accusations that Monatlik effected unsuitable equities transactions in the customer’s account. On January 27, 2018, another customer filed an investment related complaint regarding Monatlik’s conduct where the customer sought damages estimated to exceed $5,000.00 founded on allegations that unauthorized transactions had been placed in the customer’s account, and trades were unsuitable given the customer’s age, financial status and investment experience.
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