Peter Hargitt Foley Jr. of Palm Beach Gardens, Florida, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on July 28, 2023, in which the customer requested damages estimated to be in excess of $5,000.00 based upon allegations that Foley engaged in excessive trading in the customer’s account and made unsuitable recommendations in structured products based on the customer’s goals and age when Foley was associated with UBS Financial Services Inc. The securities broker dealer denied this complaint.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Foley is referenced in three other customer initiated investment related disputes concerning Foley’s conduct while associated with securities broker dealers. On May 12, 2005, a customer initiated investment related complaint involving Foley’s conduct was settled for $499,000.00 in damages based upon allegations that Foley utilized excessive margin in the customer’s accounts, engaged in unsuitable trading, and made omissions of material risks during the time that Foley was associated with Merrill Lynch Pierce Fenner Smith Inc.
On August 30, 2006, another customer filed an investment related complaint involving Foley’s conduct in which the customer requested compensatory damages based upon allegations that Foley made unsuitable recommendations in stocks. The complaint was closed with no further action taken by the customer.
Foley is also referenced in a customer initiated investment related complaint filed on May 18, 2009, in which the customers requested compensatory damages based upon allegations that Foley made misrepresentations of material fact while at Merrill Lynch. The complaint was denied on July 6, 2009.
Foley has been associated with UBS Financial Services Inc. in Palm Beach Gardens, Florida since October 5, 2016.
