Douglas Albert Pastor of Davison Michigan a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related written complaint on February 7, 2017 in which the customer sought damages estimated to exceed $5,000.00 founded on accusations that between April 13, 2010 and December 16, 2016, Pastor charged the customer excessive fees for the securities transactions effected in the customer’s managed wrap account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure additionally reveals that on July 6, 2000, a customer filed an investment related complaint regarding Pastor’s activities where the customer requested $100,000.00 in damages based upon allegations that while Pastor was associated with Merrill Lynch, misrepresentations had been made to the customer concerning the transactions executed in the customer’s account; the customer’s investment account had been negligently handled; and Pastor executed sales of the customer’s Black Hills stock holdings without procuring the customer’s permission beforehand.
Pastor’s registration with UBS Financial Services Inc. has been terminated as of December 27, 2016. Since December 16, 2016, Pastor has been associated with Wells Fargo Advisors Financial Network LLC.
