Kimball Stanley Bullard of Boston Massachusetts a stockbroker formerly registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $25,000.00 in damages supported by accusations that Bullard misrepresented the fees for investment advisory services and overcharged the customer. Letter of Acceptance Waiver and Consent No. 18-00969 (Mar. 15, 2018).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Bullard is referenced in five additional customer initiated investment related disputes containing allegations of Bullard’s misconduct while employed by UBS and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Specifically, on July 20, 2001, a customer filed an investment related complaint regarding Bullard’s activities where the customer sought $18,896.00 in damages founded on accusations that Bullard failed to reasonably inform the customer about the equities selected for the customer’s investment portfolio, and failed to apprise the customer about the 12B-1 fees that would be assessed as a result of investing in mutual fund products.
On March 14, 2002, another customer filed an investment related complaint concerning Bullard’s conduct, alleging that unsuitable mutual fund, stock and over-the-counter equity recommendations had been made to the customer. Then, on May 20, 2002, a customer initiated investment related complaint involving Bullard’s conduct was settled for $11,449.48 in damages based upon allegations that Bullard misrepresented the mutual fund asset allocation that had been selected for the customer.
Moreover, on December 17, 2013, a customer filed an investment related complaint regarding Bullard’s conduct in which the customer requested $25,612.00 in damages supported by accusations that misrepresentations had been made to the customer concerning the maturity and investment rating of municipal income shares, and the customer was placed into investments which failed to conform to the customer’s objectives for investing.
Bullard’s registration with UBS Financial Services Inc. was terminated on May 27, 2015. Since May 18, 2015, Bullard has been employed by Merrill Lynch.
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