Craig Daniel Price of Stuart Florida a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $20,500.00 in damages supported by allegations that (1) misrepresentations or omissions had been made to the customer by Price concerning Cardero Resources equities held in the customer’s investment account and (2) the customer was placed in stock positions through Price despite these investments not being appropriate given the customer’s objectives for investing or tolerance for risk. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-03221 (Aug. 2, 2018).
FINRA Public Disclosure confirms that Price is referenced in five more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with securities broker dealers including Legg Mason Wood Walker Inc. and UBS Financial Services.
Specifically, on April 1, 2015, a customer filed an investment related complaint involving Price’s conduct in which the customer requested damages estimated to exceed $5,000.00 founded on allegations of unsuitable foreign stock trades having been placed in the customer’s account; and false or misleading statements being made to the customer, or omissions of information being made, concerning the delisting of Cardero Resources from the New York Stock Exchange.
Moreover, a customer initiated investment related arbitration claim concerning Price’s activities was settled for $14,200.00 in damages based upon accusations that Price effected inappropriate penny stock transactions in the customer’s trust account. FINRA Arbitration No. 15-01878 (Nov. 3, 2015).
Price was discharged by UBS Financial Services Inc. on February 29, 2016 supported by allegations that Price, inter alia, failed to comply with the firm’s policies concerning the dissemination of information about low-priced securities which Price and his customers purchased and sold.
