Richard Joseph Dellarusso (also known as Rick Dellarusso and Ricky Dellarusso), of New York, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $95,000.00 in damages based upon allegations that Dellarusso made misrepresentations of material fact and made unsuitable recommendations of options during the time that Dellarusso was associated with UBS Financial Services Inc. FINRA Arbitration No. 20-01437 (October 21, 2022).
This is not the first time that Dellarusso has been referenced in a customer initiated investment related dispute concerning Dellarusso’s conduct in the securities industry. FINRA Public Disclosure shows that Dellarusso is also referenced in a customer initiated investment related NASD securities arbitration claim that was settled for $35,000.00 in damages based upon allegations that Dellarusso made unsuitable recommendations of stocks when Dellarusso was associated with Lehman Brothers Inc. NASD Arbitration No. 05-02639. (August 31, 2006).
Dellarusso has been associated with UBS Financial Services Inc. as a stockbroker and as an investment advisor representative since November 30, 2015.
