Arlo Bryan Sullivan of San Luis Obispo California a stockbroker formerly registered with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim in which the customer sought $843,000.00 in damages based upon accusations including (1) elder abuse (2) mismanagement of the customer’s account (3) negligence (4) misrepresentation (5) breach of contract concerning investment services and (6) fraud in reference to loan arrangements and securities transactions executed in the customer’s investment portfolio. Financial Industry Regulatory Authority (FINRA) Arbitration No. VC066972 (Mar. 20, 2018).
FINRA Public Disclosure reveals that Sullivan has been referenced in three additional customer initiated investment related disputes pertaining to allegations of Sullivan’s violative conduct during the time that he was employed by UBS Financial Services Inc. and Edward Jones. Particularly, on April 28, 2000, a customer filed an investment related complaint pertaining to Sullivan’s conduct where the customer requested $5,000.00 in damages founded on accusations that the customer incurred a tax liability relating to an asset transfer that the customer was led to believe would non-taxable.
On January 22, 2001, another customer brought an investment related complaint concerning Sullivan’s activities in which the customer sought $8,000.00 in damages supported by allegations that Sullivan made investment recommendations to the customer that were not suitable regarding a callable certificate of deposit. Moreover, on January 26, 2010, a customer filed an investment related complaint involving Sullivan’s conduct where the customer requested $8,816.09 in damages based upon accusations that Sullivan misrepresented the market value adjustment pertaining to a mutual fund investment plan, and breached his fiduciary duties to the customer.
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