Todd Michael Ellentuck, of Florham Park, New Jersey, a stockbroker formerly registered with UBS Financial Services Inc., has been fired by his employer on October 19, 2016, based upon allegations that he generated excess payments via commissions and fees in securities transactions, effected trades that were not authorized, and failed to effect trades in a timely manner in violation of the firm’s policies.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Ellentuck has been identified in two customer initiated investment related disputes containing allegations of Ellentuck’s misconduct while employed with RBC Dain Rauscher Inc. and UBS Financial Services. Specifically, on November 12, 2007, a customer filed an investment related written complaint involving Ellentuck’s conduct, in which the customer requested $27,000.00 in damages based upon allegations that Ellentuck effected unsuitable transactions in the customer’s account, resulting in the customer’s investment losses.
Ellentuck was then subject of a customer initiated investment related arbitration claim on July 28, 2017, in which the customer sought $750,000.00 in damages supported by allegations that Ellentuck effected unauthorized trades in the customer’s account, made unsuitable investment recommendations to the customer, charged excessive commissions, and omitted information from the customer concerning the risks of investing in master limited partnerships, structured products and debt investments.
Guiliano Law Group
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