Tag Archives: UBS Financial Services Inc.

FINRA Sanctions UBS Stockbroker For Unauthorized Trading

June 12, 2021  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   Comments Off on FINRA Sanctions UBS Stockbroker For Unauthorized Trading

Ricardo Turlan (also known as Ricardo Patricio Perez-Turlan and as Ricardo Patricio Ramirez) of San Antonio Texas a stockbroker formerly registered with UBS Financial Services Inc. has been fined $7,500.00 and suspended for two-months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that he effected unauthorized trades […]

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Investors File Securities Arbitration Claim Against UBS

June 12, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File Securities Arbitration Claim Against UBS

Scott Michael Rosenberg of New York New York a stockbroker formerly registered with UBS Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested compensatory damages supported by allegations that Rosenberg made misrepresentations to the customer regarding buying and holding into an options overlay strategy between […]

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FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

May 31, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Selling Away and Outside Activities, Stockbroker Theft, Unauthorized Trading   |   Comments Off on FINRA Revokes Stockbroker’s License For Failure to Pay Note to Former Employer

Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that he failed to comply with an arbitration award or otherwise inform FINRA about his compliance.  FINRA Arbitration No. 20-00245  (Aug. […]

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Investors File Arbitration Claim Against UBS Financial

April 18, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Arbitration Claim Against UBS Financial

Gerard Joseph Costello of New York New York a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested up to $100,000.00 in damages founded on allegations that there were unsuitable recommendations by Costello in regard to an options overlay strategy […]

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Investors File Securities Arbitration Claim Against UBS For Misrepresentation

March 31, 2021  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Hedge Funds, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against UBS For Misrepresentation

Jeremy Seidman of Boston Massachusetts a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $6,500,000.00 in damages supported by accusations that the customer had been recommended an unsuitable options overlay strategy by Seidman between 2016 and 2019 when he […]

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UBS Sued By Investors For Unsuitable Trading

March 31, 2021  |   Posted by :   |   Bond Fraud, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on UBS Sued By Investors For Unsuitable Trading

Ricardo Fontana Guimaraes of Miami Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $57,000.00 in damages based upon allegations that the customer had been sold unsuitable bonds from Guimaraes when he was associated with UBS Financial […]

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Investors Accuse UBS Of Unauthorized Trading

February 16, 2021  |   Posted by :   |   Bond Fraud, Investment and Regulatory News   |   Comments Off on Investors Accuse UBS Of Unauthorized Trading

Robert David Cohen (also known as Bob Cohen and as Rob Cohen) a former stockbroker and investment adviser representative of UBS Financial Services has been referenced in a customer initiated investment related written complaint on January 14, 2019 where the customer sought more than $5,000.00 in damages founded on accusations that unauthorized bond purchases were […]

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UBS Financial Accused By Investors Of Concealing Investment Risk

January 03, 2021  |   Posted by :   |   Bond Fraud, Failure to Disclose Risk/Warn, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on UBS Financial Accused By Investors Of Concealing Investment Risk

Melinda Joyce Abood of New York New York a stockbroker currently registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on April 21, 2020 where the customer requested $42,000.00 in damages founded on allegations that the customer’s investment instructions were not followed concerning securities held in their UBS […]

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UBS Accused By Investors Of Breach Of Fiduciary Duty

December 07, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Investment and Regulatory News, Unauthorized Trading   |   Comments Off on UBS Accused By Investors Of Breach Of Fiduciary Duty

Julian Howard Gingold of New York New York a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on February 25, 2019 where the customer sought more than $5,000.00 in damages founded on allegations that a fiduciary duty that was owed to the customer had been […]

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FINRA Sanctions UBS Stockbroker For Unauthorized Trading

August 27, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on FINRA Sanctions UBS Stockbroker For Unauthorized Trading

Richard John Denecker Jr. (also known as Dick Denecker) of Richmond Virginia a stockbroker currently registered with UBS Financial Services has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Denecker engaged in unauthorized trading in customer accounts at UBS. Letter of […]

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UBS Financial Services Sued For Defective Options Strategy

July 20, 2020  |   Posted by :   |   Defective Option Strategies, Securities Arbitration Claims   |   Comments Off on UBS Financial Services Sued For Defective Options Strategy

Cary Alan Moskowitz of New York New York a stockbroker currently associated with UBS Financial Services has been referenced in a customer initiated investment related complaint in which the customer requested $14,000,000.00 in damages supported by allegations that unsuitable options transactions had been executed in the customer’s account during the period in which Moskowitz was […]

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Investors Sue Morgan Stanley For Excessive Trading

July 20, 2020  |   Posted by :   |   Churning, Excessive Trading, Securities Arbitration Claims   |   Comments Off on Investors Sue Morgan Stanley For Excessive Trading

Michael Frank Paesano of New York New York a stockbroker formerly employed by Morgan Stanley has been identified in a customer initiated investment related arbitration claim where the customer sought unspecified damages founded on accusations that trades were executed in the customer’s account in excessive amounts between July of 2014 and December of 2016 while […]

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UBS Financial Sued By Investors For Options Strategy

June 24, 2020  |   Posted by :   |   Defective Option Strategies, Securities Arbitration Claims   |   Comments Off on UBS Financial Sued By Investors For Options Strategy

John Seiberling Fulton of West Palm Beach Florida a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,400,000.00 in damages based upon allegations that between 2017 and 2019: an options overlay strategy implemented in the customer’s account had been […]

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Investors Sue UBS Financial In Bad Options Overlay Strategy

June 23, 2020  |   Posted by :   |   Defective Option Strategies, Securities Arbitration Claims   |   Comments Off on Investors Sue UBS Financial In Bad Options Overlay Strategy

Gerard Joseph Costello of New York New York a stockbroker currently associated with UBS Financial Services has been referenced in a customer initiated investment related arbitration claim in which the customer requested $350,000.00 in damages supported by allegations that (1) misrepresentations had been made by the stockbroker concerning an options overlay strategy implemented in the […]

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Investors Accuse UBS Financial Of Misrepresentation

June 22, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on Investors Accuse UBS Financial Of Misrepresentation

Eric Robert Schwartz of Florham Park New Jersey a stockbroker formerly registered with UBS Financial Services is the subject of a customer initiated investment related written complaint on July 3, 2019 where the customer sought $225,000.00 in damages based upon accusations of omissions and misrepresentations by Schwartz as it pertained to distributions which were required […]

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Investors Accuse UBS Financial Alternative Investment Fraud

June 03, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Accuse UBS Financial Alternative Investment Fraud

Kirk Badii of Los Angeles California a stockbroker formerly associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related complaint on April 17, 2020 in which the customer requested as much as $2,600,000.00 in damages supported by allegations that the customer had been advised by Badii to invest in inappropriate […]

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UBS Accused By Investors Of Misrepresentation

May 13, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on UBS Accused By Investors Of Misrepresentation

Dwight Clyde West of Lone Tree Colorado a stockbroker registered with UBS Financial Services is the subject of a customer initiated investment related complaint on March 7, 2019 in which the customer requested $10,000.00 in damages based upon allegations that the risks of transactions effected by the stockbroker between 2013 and 2018 had exceeded the […]

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Investors Sue UBS Financial Services For Unauthorized Trading

April 23, 2020  |   Posted by :   |   Securities Arbitration Claims, Unauthorized Trading, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue UBS Financial Services For Unauthorized Trading

William David Hobby of Atlanta Georgia a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $130,000.00 in damages based upon allegations that between 2014 and 2018: (1) trades were effected in the customer’s account by the stockbroker without the customer’s […]

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Investors Sue UBS Financial For Defective Investment Advice

April 18, 2020  |   Posted by :   |   Defective Option Strategies, Investment and Regulatory News, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue UBS Financial For Defective Investment Advice

Scott Michael Rosenberg of New York New York a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $1,200,000.00 in damages based upon accusations that (1) the customer was provided with unsuitable investment recommendations between 2016 and 2020 concerning the […]

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UBS Stockbroker Sanctioned By Massachusetts Securities Division

April 08, 2020  |   Posted by :   |   Unauthorized Trading   |   Comments Off on UBS Stockbroker Sanctioned By Massachusetts Securities Division

Scott Blake Mintz of Hartford Connecticut a stockbroker currently associated with UBS Financial Services Inc. is the subject of a Consent Order issued by the Massachusetts Securities Division in which the stockbroker has been sanctioned based upon allegations of his exercise of discretion in the accounts of UBS Financial Services customers without advanced written permission […]

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Investors Sue UBS Financial For Misappropriation

April 08, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Investors Sue UBS Financial For Misappropriation

Derek Michael Nierman of Scottsdale Arizona a stockbroker formerly employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $98,750.00 in damages founded on accusations that the customer was steered by Nierman towards investing in a real estate investment but the customer’s funds had […]

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UBS Sued By Investors For Options Misrepresentation

Matthew Stern Buchsbaum of New York New York a stockbroker associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that (1) misrepresentations had been made to the customer in regards to an options overlay strategy implemented […]

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UBS Sued By Investors For Misrepresentation

John Robert Morris of Warren New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning investments in oil and gas securities and Puerto […]

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Investors Sue UBS Financial For Misrepresentation

Martin Joseph Hare of Oakbrook Illinois a stockbroker associated with UBS Financial Services Inc. has been referenced in a customer initiated investment related arbitration claim which has been settled for $70,000.00 in damages supported by allegations that between 2017 and 2018: (1) UBS failed to supervise Hare’s transactions (2) the customer’s account had been imprudently […]

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FINRA Investigates UBS Stockbroker For Unauthorized Trading

February 06, 2020  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Stephen Douglas Wood of Bedminster New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in an investigation initiated by Financial Industry Regulatory Authority (FINRA) on April 2, 2019 into accusations that (1) Wood failed to comply with FINRA Rule 2010 and NASD Rule 2510(b) by effecting purchases or sales of […]

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Investors Sue UBS For Defective Options Strategy

Mark Laing Lichtenfeld of Florham Park New Jersey a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $850,000.00 in damages founded on allegations that (1) the customer had been provided bad advice from Lichtenfeld concerning an options overlay strategy and […]

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UBS Financial Services Sued For Unsuitable Investment Advice

Neil Kevin Klein of White Plans New York a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer requested between $200,000 and $500,000.00 in damages founded on allegations that trades placed by the stockbroker were unsuitable which resulted in unwarranted losses and […]

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UBS Financial Sued For Defective Options Strategy

Scott Michael Rosenberg of New York New York a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $400,000.00 in damages supported by accusations that (1) unfounded statements had been made concerning the terms and conditions of an options overlay strategy […]

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Investors Accuse UBS Of Unauthorized Transactions

Alex Gerardo Herrera of Coral Gables Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related complaint which was settled for $137,500.00 on August 19, 2019 supported by allegations that between 2013 and 2016, the customer’s funds had been relocated by Herrera without the customer’s permission. […]

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Investors Sues Legacy Asset Securities For Stockbroker Ponzi Scheme

William Andrew Hightower of Houston Texas a stockbroker formerly registered with Legacy Asset Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought unspecified damages supported by accusations that (1) the customer’s account had been liquidated by Hightower without the customer’s authorization and (2) funds were improperly used to […]

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