UBS Financial Services FINRA Securities Arbitration Alleging Unauthorized Trading

Bradley Joseph Ross, of Fort Lauderdale, Florida, a stockbroker with UBS Financial Services Inc., has been named in a customer initiated investment related arbitration claim on May 19, 2016, in which the customer requested $99,000.00 in damages based upon allegations that Ross effected unauthorized trades and overconcentrated the customer’s assets in exchange traded funds, mutual funds, and over-the-counter equities.
FINRA Public Disclosure reveals that Ross has been identified in six additional customer initiated investment related disputes concerning allegations of Ross’ misconduct while employed with UBS Financial Services, Couburn & Meredith, Inc., and Gruntal & Co., LLC. Specifically, on June 27, 2001, a customer initiated investment related arbitration claim involving Ross’ conduct was settled for $9,999.00 in damages based upon allegations that Ross effected unsuitable over-the-counter equity transactions, utilized the customer’s margin without authorization, made omissions and misrepresentations concerning investments, failed to follow the customer’s investment instructions, and mismanaged the customer’s account.
Subsequently, on December 21, 2000, a customer initiated investment related arbitration action concerning Ross’ conduct was resolved for $15,000.00 in damages based upon allegations that Ross effected unauthorized sales of equities in the customers’ account, and did not convert the customer’s warrants in a timely manner. On November 25, 2014, a customer was awarded $225,000.00 in damages according to a customer initiated investment related arbitration claim involving Ross’ actions, based upon allegations including violation of Massachusetts Consumer Protection Act, intentional misrepresentation, breach of contract, breach of fiduciary duty, negligence, violations of Securities Exchange Act of 1934 and SEC Rule 10b-5 regarding commodities funds.
On January 12, 2016, another customer initiated investment related arbitration claim concerning Ross’ conduct was settled for $160,000.00 in damages based upon allegations that Ross overconcentrated the customer’s investments, and effected unsuitable transactions pertaining to mutual funds and exchange traded funds. Further, on December 15, 2015, a customer initiated investment related complaint pertaining to Ross’ conduct was resolved for $35,000.00 in damages based upon allegations that between 2012 and 2014, at which point Ross was the customer’s financial advisor, Ross breached his fiduciary duties to the customer, failed to abide by the customer’s instructions to sell investments, purchased unsuitable investments in the customer’s account, and effected unauthorized trades in reference to individual equities and mutual funds.