Sumaya De Los Angeles Musa (also known as Sumaya Musa Quinones), of Aventura, Florida, 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 $35,000.00 in damages based upon allegations that Musa misrepresented material facts, overconcentrated accounts, and made the unsuitable investment recommendation of Puerto Rico closed-end funds and municipal bonds when Musa was associated with UBS Financial Services Inc. FINRA Arbitration No. 21-02248 (September 29, 2022).
FINRA Public Disclosure shows that Musa is referenced in 17 other investor disputes concerning Musa’s conduct while associated with securities broker dealers. On June 29, 2020, a customer initiated investment related FINRA securities arbitration claim involving Musa’s conduct was settled for $25,000.00 in damages based upon allegations that Musa overconcentrated the customer’s account in closed-end funds when Musa was associated with UBS Financial Services Inc. FINRA Arbitration No. 19-01415.
On February 18, 2022, a customer initiated investment related FINRA securities arbitration claim involving Musa’s conduct was settled for $50,000.00 in damages based upon allegations that Musa made unsuitable recommendations, made misrepresentations of material fact, and overconcentrated accounts in closed-end funds. FINRA Arbitration No. 19-02475.
Musa was also referenced in a securities arbitration claim that was settled for $106,000.00 in damages based upon allegations that Musa made misrepresentations and unsuitable recommendations in municipal bonds at UBS Financial Services Inc. FINRA Arbitration No. 19-02972 (April 23, 2021).
On May 3, 2021, another securities arbitration claim involving Musa’s conduct, which was settled for $131,000.00 in damages based on allegations that Musa gave unsuitable advice, overconcentrated the customer’s account, and misrepresented risks of mutual funds and municipal bonds. FINRA Arbitration No. 19-03804.
Musa has been associated with UBS Financial Services Inc. in Aventura, Florida, as a stockbroker since August 10, 2007, and associated with UBS Financial Services Inc. in Sunrise, Florida, as an investment advisor representative since March 31, 2016.
