Thomas Joseph Livaccari of New York, New York, a stockbroker registered with UBS Financial Services Inc., is the subject of a customer initiated investment related complaint that was settled on April 25, 2023, for $75,000.00 in damages. The complaint alleged that during Livaccari’s association with UBS Financial Services Inc., he made misrepresentations of material fact and errors, putting the customer into hedge funds between 2022 and 2023 contrary to the customer’s investment instructions.
This is not the first time that Livaccari has been referenced in a customer initiated investment related dispute concerning Livaccari’s conduct in the securities industry. Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally shows that Livaccari has been referenced in a customer initiated investment related FINRA securities arbitration claim filed on August 20, 2021, concerning Livaccari’s conduct while associated with UBS Financial Services Inc. The claim alleged unsuitable recommendations and misrepresentations of material fact in connection with an options overlay strategy. FINRA Arbitration No. 19-03131.
Another customer filed a complaint on December 16, 2008, involving Livaccari’s conduct when he was associated with Merrill Lynch Pierce Fenner Smith Incorporated. The customer alleged that Livaccari made an unsuitable investment recommendation in mutual funds. The alleged damages were $84,000.00. This complaint was denied.
Livaccari has been associated with UBS Financial Services Inc. in New York, New York, since January 22, 2009, as both a stockbroker and investment adviser representative.
