John Robert Morris of Warren New Jersey a stockbroker currently registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $1,300,000.00 in damages founded on allegations that between 2011 and 2015, energy sector investments and municipal bonds had been misrepresented to the customer and the customer’s assets were concentrated in speculative securities that were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00505 (Feb. 8, 2018).
FINRA Public Disclosure reveals that Morris has been identified in two additional customer initiated investment related disputes containing accusations of his misconduct while employed with Morgan Stanley DW Inc. and PaineWebber. In particular, a customer initiated investment related complaint involving Morris’ activities was settled for $15,500.00 in damages founded on allegations that the customer was poorly advised and provided information about investments that was not correct.
Subsequently, a customer filed an investment related complaint regarding Morris’ conduct where the customer requested $17,000.00 in damages supported by accusations that the customer’s instructions were not followed concerning Federal Home Loan Mortgage Corporation Notes.
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