DID ERNIE WALTER KLOOCK CAUSE YOU INVESTMENT LOSSES?
Ernie Kloock Of UBS Financial Services Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Ernie Kloock of UBS Financial Services Inc.?
Ernie Kloock (CRD #3114944) who is currently registered as a broker and investment adviser with UBS Financial Services Inc. and located in Paramus, New Jersey, is the subject of one of our many securities industry sales practice abuse investigations. Prior to UBS Financial Services Inc., Ernie Kloock was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ernie Kloock Customer Complaints
Ernie Kloock has been the subject of 2 customer complaints that we know about seeking to recover investment losses. One customer complaint was settled by a Bank of America Investment Services, and Marilyn Lynch, Pierce Fenner and Smith in favor of the investors. Another customer complaint was recently filed as a FINRA arbitration proceeding against UBS Financial Services for the advisors alleged misconduct and still pending.
Allegations Against Ernie Kloock
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Recommendations to purchase and overconcentrate client’s accounts, and preferred stocks were unsuitable.
- Failure to disclose risk associated with preferred stock transactions.
- The adviser refused to sell client stock as instructed.
- Misrepresentation, unsuitable investment recommendations and failure to follow customers’ instructions relating to variable annuity contracts, common and preferred stock transactions.
- Negligence, misrepresentation, omission of material facts, breach of contract, unsuitability related to a RiverSource, Variable Annuity contract.
Ernie Kloock Red Flags & Your Rights As An Investor
Of course, Ernie Kloock did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Ernie Kloock at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Ernie Kloock has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At UBS Financial Services Inc. Due To Ernie Kloock
If you have questions about UBS Financial Services Inc. and/or Ernie Kloock and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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