Shawn Steven Oliver of Napa, California, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint filed on September 29, 2022, seeking damages based upon allegations that Oliver made misrepresentations of material fact in connection with the recommendation and sale of investments when Oliver was associated with UBS Financial Services Inc.
This is not the first time that Oliver has been referenced in a customer initiated investment related dispute concerning Oliver’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Oliver was also referenced in a complaint filed on February 14, 2006, in which the customer requested $73,000.00 in damages based upon allegations that Oliver made unsuitable recommendations of equities when Oliver was associated with Morgan Stanley.
Both complaints were denied by Mr. Oliver’s employers.
Oliver was associated with Morgan Stanley in Purchase, NY, as a stockbroker from June of 2009 to May of 2019, and was associated with Morgan Stanley in Napa, CA, as an investment advisor representative from June of 2009 to May of 2019. He has been associated with UBS Financial Services Inc. in Napa, CA, as a stockbroker and investment advisor representative since May 10, 2019.