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UBS Financial Services Inc. (“UBS Financial Services”) (CRD# 8174) has many different complaints filed by FINRA (Financial Industry Regulatory Authority), state regulatory organizations, and investors such as yourself. At the Law Offices of Robert Wayne Pearce, we have investigated UBS Financial Services, its regulatory and customer complaints, and have also represented investors with claims of fraud, negligence, and breach of fiduciary duty against this organization and its financial advisors.

If you believe you have a claim against UBS Financial Services, you should strongly consider hiring an investment fraud lawyer. You should not wait until it’s too late to file a claim. The Law Offices of Robert Wayne Pearce, P.A., offers free consultations. Give us a call at 800-732-2889. Let’s discuss your case and see what we can do to help you get the compensation you need and deserve.

Can I Sue UBS Financial Services?

If you’ve lost money caused by UBS Financial Services and/or its employees’ misconduct then the answer is, YES, you can sue UBS Financial Services but the odds are you signed away your right to sue in court and agreed to resolve your dispute in a FINRA arbitration proceeding. Attorney Robert Wayne Pearce has over 40 years of personal experience in FINRA arbitration proceedings and knows very well how you can not only sue UBS Financial Services in FINRA arbitration proceedings, but WIN that arbitration. The easiest way to know if you have a viable case against UBS Financial Services is to call Attorney Pearce at our office at 800-732-2889.

Investment Losses? We Can Help

Discuss your legal options with an attorney at The Law Offices of Robert Wayne Pearce, P.A.

Get A Free Consultation

or, give us a ring at (800) 732-2889.

Robert Pearce

What is UBS Financial Services?

UBS Financial Services (CRD# 8174) is a registered broker-dealer. It operates as a full-service independent broker-dealer, providing a range of financial products and services to individual investors and financial advisors.

As a registered broker-dealer, UBS Financial Services is subject to regulations and oversight by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). It is required to comply with industry standards and regulations to ensure the protection of its clients’ interests.

A failure to comply with industry standards by either its brokers or the firm itself can result in disciplinary actions, fines, or other penalties imposed by regulatory authorities.

UBS Financial Services Has Many Different Regulatory Problems 

UBS Financial Services’ rapid growth has not been without consequences. There have been approximately 469 state and self-regulatory body disclosure events; that is, final and formal proceedings initiated by a regulatory authority (e.g., a state or federal securities agency like the U.S. Securities and Exchange Commission (SEC) or self-regulatory body like the Financial Industry Regulatory Authority (FINRA) for a violation(s) of investment-related rules or regulations. In addition, there have been hundreds of customer complaints filed against UBS Financial Services for misconduct by its securities sales and investment advisory representatives that are not reported by the firm on its Central Depository Record. 

We have reported and written about these regulatory problems and customer complaints over many years. UBS Financial Services is a repeat offender: there are over 469 FINRA-reported disciplinary proceedings citing the firm with one form of supervisory lapses or another.

A Brief Overview of Some of the Regulatory Problems UBS Financial Services Has Faced Over the Years*

UBS Financial Services has been repeatedly censured, warned, and fined multi-millions of dollars for its own misconduct and failure to supervise its army of financial advisors.* A few of the notable FINRA Sanctions for its Supervisory Failures are below:

Massive Fines, Awards Against UBS Financial Services

Brief Overview: John Maccoll, a registered representative of UBS Financial Services, embezzled over $3.7 million from more than a dozen customers between April 2010 and March 2018. The Securities and Exchange Commission filed charges against Maccoll, highlighting his use of “high pressure sales tactics” to deceive elderly and retired customers into investing in a fraudulent private fund. Maccoll pleaded guilty to wire fraud and received a nine-year prison sentence. The case shed light on UBS Financial Services’ supervisory failures and its failure to safeguard customers’ investments.

$8 Million Penalty over ETN Trades

Brief Overview: In July 2021, UBS Financial Services was ordered to pay an $8 million penalty by the Securities and Exchange Commission for its failure to supervise sales of iPath S&P Short-Term Futures ETN (VXX). The SEC found that UBS advisors held VXX products in customer accounts for extended periods, including hundreds of accounts that held the product for over a year. UBS advisors’ flawed understanding of the appropriate use of volatility-linked ETPs resulted in significant losses for customers. The SEC emphasized the importance of advisory firms protecting clients from inappropriate investments in complex financial products.

$9 Million Award in Puerto Rico Bond Complaint

Brief Overview: UBS Financial Services extended a “non-purpose” loan of $8 million to a customer named Luis Romero Lopez, allowing him to invest in closed-end Puerto Rico bond funds. When the Puerto Rico bond market experienced a downturn, Lopez’s account balance plummeted, resulting in substantial losses. A FINRA panel found that UBS violated federal regulations and ordered the firm to pay Lopez $7.9 million in compensatory damages and $1 million in punitive damages.

$18.5 Million Penalty Over Puerto Rico Bonds

Brief Overview: In 2015, FINRA fined UBS Financial Services $18.5 million in fines and restitution over unsuitable Puerto Rico closed-end bond fund transactions. The firm failed to supervise bond transactions and neglected to monitor leverage and concentration levels in customers’ investments. UBS was aware of the unique circumstances surrounding Puerto Rico bond investments but did not take adequate steps to ensure suitability. The market downturn resulted in substantial losses for customers, particularly those who had opened lines of credit collateralized by highly concentrated accounts. UBS was ordered to pay $7.5 million in fines and $11 million in restitution.

$15 Million Penalty over Unsuitable Reverse Convertible Notes

Brief Overview: UBS faced charges from the SEC for its failure to train salespeople adequately in selling reverse convertible notes (RCNs) to retail investors. The firm made unsuitable recommendations of RCNs to thousands of customers, resulting in significant losses. UBS agreed to a settlement with the SEC, paying over $9 million in disgorgement and a $6 million penalty. The case highlighted the importance of firms ensuring their financial advisors comprehend the risks and rewards of complex financial products when recommending them to investors.


*Above are only some of the regulatory disciplinary actions filed against UBS Financial Services by FINRA. NASSA and other state securities regulator investigations and enforcement actions account for another 469 BrokerCheck disclosures.

UBS Financial Services Customer Complaints

There have been scores of customer complaints filed against UBS Financial Services stockbrokers and investment advisors over the years. We have launched many investigations of current and former UBS Financial Services advisors:

  1. Nicholas Finn of UBS Financial Securities, Inc.
  2. Adam Epstein of UBS Financial Services INC
  3. Donald Dever of UBS Financial Services Inc.
  4. Eladio Santiago of Cambridge Investment Research, Inc
  5. John Torres of J.P. Morgan Securities LLC
  6. Mark Zeller of UBS Financial Services Inc.
  7. Nancy Glassman of Morgan Stanley
  8. Ortal Shacar of UBS Financial Services Inc
  9. Simon Clarke of UBS Financial Services Inc
  10. Stephen Ferencik of Arkadios Capital
  11. Todd Perry of UBS Financial Services Inc.
  12. Richard Bernstein of Wells Fargo Clearing Services, LLC
  13. William Shreve of UBS Financial Services Inc.
  14. Chad Allen of Oppenheimer & Co. Inc.
  15. Cary Moskowitz of UBS Financial Services Inc.
  16. Cory Williams of Taylor Capital Management Inc
  17. Giustino Destefano of Securities America, Inc.
  18. Dervinder Singh of Equitable Advisors
  19. Julian Gingold formerly with UBS Financial Services
  20. David Fenning of Morgan Stanley
  21. Jeffrey Fladell of RBC Capital Markets, LLC
  22. Robert Cohen of Stifel Nicolaus Company
  23. Wilson Colberg-trigo of First Southern
  24. Dawn Coleman-Hyman of Pruco Securities
  25. Jennifer Broderick of UBS Financial Services Inc.
  26. Melinda Abood of UBS Financial Services
  27. Ibrahim Arce of UBS Financial Services
  28. Ajay Gupta Formerly With UBS Financial Services Inc.
  29. Alan Beugg of Purshe Kaplan Sterling Investments
  30. Armani Miller of J.P. Morgan Securities LLC
  31. Ayad Amary of TIAA-CREF Individual & Institutional Services, LLC
  32. Brent Lane of UBS Financial Services Inc.
  33. Brett Whitten of UBS Financial Services Inc.
  34. Brian Lineberger of UBS Financial Services Inc.
  35. Brian Mulvey formerly with UBS Financial Services, Inc.
  36. Brian Allen of Raymond James Financial Services, Inc.
  37. Andrew Ruboyianes of UBS Financial Services
  38. Frederick Stortecky of GWN Securities
  39. Louis Taylor of Wells Fargo Clearing Services
  40. Greg Thogersen of UBS Financial Services
  41. Roy Tonning of UBS Financial Services
  42. Winston Turner Formerly With Pruco Securities
  43. Joseph Valdini Formerly With Aegis Capital
  44. Derek Vance of UBS Financial Services
  45. Daniel Torroba of UBS Financial Services
  46. Felipe Vargas of Insigneo Securities
  47. James Watson of Wells Fargo Clearing Services
  48. Jay Weil formerly with Cambridge Investment Research
  49. George Merhoff of Cetera Advisors
  50. Gerard Joesph Costello of UBS Financial Services, Inc
  51. Gabriel Block of First Standard Financial Company, LLC
  52. Roderick Von Lipsey of UBS Financial Services, Inc
  53. Shlomo Strugano of First Allied Securities, Inc and formerly with Kovack Securities
  54. Luis Rosario of Oppenheimer & Co. Inc
  55. John Bankhead of Morgan Stanley
  56. Eric Wittenberg of UBS Financial Services Inc
  57. Jason Dworak of UBS Financial Services, Inc
  58. Jeffrey Goodstein of Morgan Stanley
  59. James Kelly of UBS Financial Services, Inc
  60. Douglas Domian of UBS Financial Services
  61. Andrew Kahner of UBS Financial Services
  62. Timothy Kenska of Citigroup Global Markets
  63. Ricardo Guimaraes of Morgan Stanley
  64. Jeremy Keller of UBS Financial Services
  65. Marc Laborde of Rockefeller Financial
  66. Franklin Laden of UBS Financial Services
  67. Matthew Lasko of UBS Financial Services
  68. Whittaker Mack of J.P. Morgan Securities
  69. John Loehr of Edward Jones
  70. Jon Thompson of CUNA Brokerage Services
  71. Steven Torrico of UBS Financial Services
  72. Ann Trainor of UBS Financial Services
  73. Gary Vance of UBS Financial Services
  74. Teresa Mathies of Edward Jones
  75. Bryan Mazliach Formerly With WestPark Capital
  76. Gary McDaniel of Fidelity Brokerage Services
  77. Teena Milldebrandt of Cetera Advisor Networks
  78. Shaun Mutch of UBS Financial Services
  79. John Neal of Vanguard Marketing
  80. Shailesh Negandhi of UBS Financial Services
  81. Jonathan Penta formerly with Purshe Kaplan Sterling Investments
  82. Taylor Powell of DFPG Investments
  83. Vicente del Rio of UBS Financial Services
  84. Shelsey Robertson of UBS Financial Services
  85. Adam Rogers of UBS Financial Services
  86. Melinda Abood of UBS Financial Services
  87. James Small Of Morgan Stanley
  88. Stuart Spence Formerly With UBS Financial Services
  89. Bernie Townes Of Janney Montgomery Scott
  90. Anthony Sica of Joseph Gunnar & Co.
  91. Stuart Sierer of UBS Financial Services
  92. Dwight West of UBS Financial Services
  93. James Abernethy of UBS Financial Services
  94. Amr Aboulmagd formerly with NYLIFE Securities
  95. Samuel Humphreys of UBS Financial Services
  96. Joshua Adler Of Merrill Lynch Pierce Fenner & Smith
  97. Ricardo Armijo of Raymond James Associates
  98. Brian Ballard of UBS Financial Services
  99. Nicolas Barrios Formerly With UBS Financial Services
  100. Joseph Bergamo Of UBS Financial Services
  101. Brian Blackburn of UBS Financial Services
  102. Lary Bloom of Wells Fargo Clearing Services
  103. Joshua Breeden of UBS Financial Services
  104. Roger Ingwersen of Purshe Kaplan Sterling Investments
  105. Anthony Brookfield of UBS Financial Services
  106. Ray Burns of UBS Financial Services
  107. Jeffrey Burton of Wells Fargo Advisors Financial Network
  108. Michael Carelli of UBS Financial Services
  109. Michael Charles of Craft Capital Management
  110. Margareta Childs Formerly With Western International Securities
  111. Doron Kochavi of Western International Securities
  112. Jonathan Lake of Wells Fargo Clearing Services
  113. Harold Langer of RBC Capital Markets
  114. Timothy Millis of NYLIFE Securities
  115. Michael Ovitt of RBC Capital Markets
  116. Regina Onkst of Ameriprise Financial Services
  117. Mike Persia of UBS Financial Services
  118. Brant Ferguson of UBS Financial Services
  119. Vincent Fiorentino of Wells Fargo Clearing Services
  120. Gregory Foster of UBS Financial Services
  121. John Fulton of UBS Financial Services
  122. William Kessler of Founders Financial Securities
  123. John Davis of Raymond James Financial Services
  124. John Davenport of Liberty Partners Financial Services
  125. Ajay Desai of UBS Financial Services
  126. Douglas Digiorno of UBS Financial Services
  127. Brian Donaldson of UBS Financial Services
  128. Gregory Eknoyan of UBS Financial Services
  129. Daniel Egbert of UBS Financial Services
  130. Patrick Donnelly of Raymond James Financial Services
  131. John Hoekman formerly with Wells Fargo Clearing Services
  132. Matthew Hoffman of J.P. Morgan Securities
  133. Bradley Hyldahl of UBS Financial Services
  134. Javier Jaramillo of Morgan Stanley
  135. Clifford Virgin of UBS Financial Services
  136. Matthew Lane of RBC Capital Markets
  137. Paul Koch of RBC Capital Markets
  138. Neil Konigsberg of UBS Financial Services
  139. Tod Lenhoff formerly with Madison Avenue Securities
  140. Howard Leon of Newbridge Securities
  141. Andrei Livadariu of Oppenheimer & Co.
  142. John Loughran of UBS Financial Services
  143. Janet Marcantonio of UBS Financial Services
  144. Michael Margiotta of Merrill Lynch Pierce Fenner & Smith
  145. Barry Mitchell of UBS Financial Services
  146. Heather Molin of UBS Financial Services
  147. Emily Nikoloudis of Purshe Kaplan Sterling Investments
  148. Jack McBride of B. Riley Wealth Management
  149. Peter McColgan of Wells Fargo Clearing Services
  150. Robert Perlman of UBS Financial Services
  151. Alexander Phillips of UBS Financial Services
  152. Michael Robertson of Morgan Stanley
  153. Massimo Romano of Wells Fargo Clearing Services
  154. Peter Rukeyser of UBS Financial Services
  155. William Rose of UBS Financial Services
  156. Bradley Rubin of UBS Financial Services
  157. Robert Schultz of Wells Fargo Clearing Services
  158. John Sommo Formerly With UBS Financial Services
  159. Steven Seimears of Ameriprise Financial Services
  160. Shay Scruggs of Rockefeller Financial
  161. Bradley Renberg of Ameriprise Financial Services
  162. Mark Sullivan of UBS Financial Services
  163. Steven Syslo of UBS Financial Services
  164. John Weber of Wells Fargo Advisors Financial Network
  165. David Wehrman of UBS Financial Services
  166. Alexander Williams of UBS Financial Services
  167. Wesley Wong of Wells Fargo Advisors Financial Network
  168. Brian Wurdemann of RBC Capital Markets
  169. John Young of UBS Financial Services
  170. Billy Allen formerly with Legend Equities
  171. Adam Brinkley of UBS Financial Services
  172. Benjamin Brown of UBS Financial Services
  173. Christopher Burtraw formerly with J.P. Turner & Company
  174. Jason Bourgo of Ameriprise Financial Services
  175. Michael Cormier of RBC Capital Markets
  176. Kathryn Cosgrove of Goldman Sachs & Co.
  177. Afifa Yusof formerly with Edward Jones
  178. Tonya Rice Of UBS Financial Services
  179. Chris Billingsley of UBS Financial Services Inc.
  180. Christiane Olsen of UBS Financial Services Inc.
  181. Joshua Breeden of UBS Financial Services
  182. Alejandro Gonzalez of UBS Financial Services Inc.
  183. Charlene Causey of UBS Financial Services Inc.
  184. Aaron Vilfordi of Ameriprise Financial Services, LLC
  185. Carlos Abad formerly with TFS Securities, Inc.
  186. Andrew Ortiz formerly with UBS Financial Services Inc.
  187. Allan Klenke of Morgan Stanley
  188. Blair Cannon of UBS Financial Services Inc.
  189. Bradd Cuppels of UBS Financial Services Inc.
  190. Alexander Ladage of UBS Financial Services Inc.
  191. Luis Garcia Formerly With UBS Financial Services
  192. Charles Lawson of UBS Financial Services Inc.
  193. Charles Davis of Allstate Financial Services, LLC
  194. Christopher Black of UBS Financial Services Inc.
  195. Christopher Weng of Raymond James & Associates, Inc.
  196. Christopher Marmion of UBS Financial Services Inc.
  197. Cole Mills of LPL Financial LLC
  198. Cory Durham of UBS Financial Services Inc.
  199. Crystaline Kopriva of UBS Financial Services Inc.
  200. Cynthia Farnsworth of Ameriprise Financial Services, LLC
  201. Dale Emerick of UBS Financial Services Inc.
  202. Daniel Torres formerly with Wells Fargo Clearing Services, LLC
  203. David Obolensky of UBS Financial Services Inc.
  204. Denis Roy of UBS Financial Services Inc.
  205. Dennis Oleszkowicz of UBS Financial Services Inc.
  206. Dominic Palmisano of UBS Financial Services Inc.
  207. Don Henry formerly with TIAA-CREF Individual & Institutional Services, LLC
  208. Douglas Massey of UBS Financial Services, Inc.
  209. Eric Moreno of UBS Financial Services Inc.
  210. Eric Yamin of Morgan Stanley and formerly with UBS Financial Services, Inc.
  211. Fernando Gonzalez UBS Financial Services Inc.?
  212. Frank Moore with UBS Financial Services Inc.
  213. Frederick Long of UBS Financial Services Inc.
  214. Furman Sheppard of UBS Financial Services Inc.
  215. Garth Allan of UBS Financial Services Inc.
  216. George Vilfordi III of Ameriprise Financial Services, LLC
  217. German Nino formerly with UBS Financial Services Inc.
  218. Gerald McGinley UBS Financial Services Inc.
  219. Ghislain Gouraige, Jr. Of New Edge Wealth
  220. Gerard Melley of UBS Financial Services Inc.
  221. Glenn Childres of UBS Financial Services Inc.
  222. James Beste of Ameriprise Financial Services
  223. Henry Hernandez of UBS Financial Services Inc.
  224. Henrique Lucena of Laidlaw & Company (UK) Ltd.
  225. Henry Jakobsze of UBS Financial Services Inc.
  226. Henry Goodman Formerly With UBS Financial Services Inc.
  227. Horacio Gomez-Rabago of Oppenheimer & Co. Inc.
  228. Jaime Casellas formerly of Santander Securities LLC
  229. James Garner of Raymond James & Associates, Inc.
  230. James Lacey, Jr of Morgan Stanley
  231. Jared Kaplan of NewEdge Securities, Inc.
  232. Javier Naselli of UBS Financial Services Inc.
  233. Javier Estremera of Merrill Lynch, Pierce, Fenner & Smith Incorporated
  234. Jeffrey Cadan formerly with Morgan Stanley
  235. James McKinney, formerly with Cetera Advisors LLC
  236. Jeremy Shull of UBS Financial Services Inc.
  237. John Brunello of UBS Financial Services Inc.
  238. Jerry McCutchen, Sr of Berthel, Fisher & Company Financial Services, Inc.
  239. Jesse Fable of UBS Financial Services Inc.
  240. John Palmer-Kamprath of UBS Financial Services Inc.
  241. Jorge Pesquera formerly with UBS Financial Services Inc.
  242. Jose Garcia-Talavera formerly with UBS Financial Services Inc.
  243. Jose Ramirez, Jr. formerly with UBS Financial Services Inc.
  244. Jose Cornide, Jr. formerly with UBS Financial Services Inc.
  245. Joseph Whitney formerly with Wedbush Securities Inc
  246. Juan E. Goytia of UBS Financial Services Inc.
  247. Kathleen Entwistle of Morgan Stanley
  248. Kirk Badii of Independent Financial Group, LLC
  249. Kimberly Gillen of UBS Financial Services Inc.
  250. Kevin Wright of Rockefeller Financial LLC
  251. Luis Garcia formerly with UBS Financial Services Inc.
  252. Marc Ridell of UBS Financial Services Inc.
  253. Mark Redden of UBS Financial Services Inc.
  254. Mark Burns of LPL Financial LLC
  255. Marshall Hagen formerly with UBS Financial Services Inc.
  256. Marvin Vick formerly with Commonwealth Financial Network
  257. Matthew Buchsbaum of UBS Financial Services Inc.
  258. Michael Nichley of UBS Financial Services Inc
  259. Michael Douvadjian of Morgan Stanley
  260. Michael Pasquariello formerly with UBS Financial Services Inc.
  261. Michael Saunders formerly with Ameriprise Financial Services, Inc.
  262. Michael Yochum of UBS Financial Services Inc.
  263. Mike Mumford of UBS Financial Services Inc.
  264. Morey Perlmutter of UBS Financial Services Inc.
  265. Ned Pascucci of 1st Discount Brokerage, Inc.
  266. Neil Fineman formerly with First Allied Securities, Inc.
  267. Nicholas Catania of UBS Financial Services Inc.
  268. Paul Platek of UBS Financial Services Inc.
  269. Paul Haberek, Jr. of Wells Fargo Clearing Services, LLC
  270. Pauline Chu of UBS Financial Services Inc
  271. Peter Wagner of Oppenheimer & Co. Inc.
  272. Ralph Jackson, III of Morgan Stanley
  273. Rafael Comba of UBS Financial Services Inc.
  274. Ramiro Colon III of ACP Securities, LLC
  275. Richard Dellarusso of UBS Financial Services Inc.
  276. Richard Held of UBS Financial Services Inc.
  277. Robert Gordon-Brown of UBS Financial Services Inc.
  278. Robert Spina of UBS Financial Services Inc.
  279. Robert Turner, Jr. formerly with Stifel, Nicolaus & Company, Incorporated
  280. Robert Donovan of UBS Financial Services Inc.
  281. Robert Lapetina of Nationwide Planning Associates Inc.
  282. Roxann Romano of Morgan Stanley
  283. Schuyler Grey, III of Morgan Stanley
  284. Scott Merrill formerly with UBS Financial Services Inc.
  285. Sherry Rowland of UBS Financial Services Inc.
  286. Sonia Attkiss of UBS Financial Services Inc.
  287. Steven Westerman of UBS Financial Services Inc.
  288. Thomas Swan of Western International Securities, Inc.
  289. Victor Tomassini of UBS Financial Services Inc.
  290. Walter Brady, Jr. of J.P. Morgan Securities LLC
  291. William Huthnance of UBS Financial Services Inc.
  292. Xavier Aguayo Diaz of UBS Financial Services Inc.
  293. Zachary Hansen formerly with UBS Financial Services Inc.
  294. David Carlson of UBS Financial Services Inc.
  295. Michael Eustace of UBS Financial Services Inc
  296. Maria Gasparro of UBS Financial Services Inc.
  297. Marc Haggar of UBS Financial Services Inc.
  298. Gretchen Hargroder of UBS Financial Services Inc.
  299. Frederick Kort formerly with UBS Financial Services, Inc.
  300. Thomas Livaccari of UBS Financial Services Inc.
  301. Alfonso Boneta of Merrill Lynch, Pierce, Fenner & Smith Incorporated
  302. Frank Carrasco of UBS Financial Services Inc.
  303. Clinton Moore of UBS Financial Services Inc.
  304. Nichole Adams of UBS Financial Services Inc.
  305. Dimitri Rassias of UBS Financial Services Inc.
  306. Richard Gibbs of UBS Financial Services Inc.
  307. Thomas Stiller UBS Financial Services Inc.
  308. Joseph Katzaroff of UBS Financial Services Inc.
  309. Michael Lundon of UBS Financial Services Inc.
  310. Alexis Molina of UBS Financial Services Inc.
  311. Jason Pirnie formerly with UBS Financial Services Inc.
  312. Arthur Randall, III of UBS Financial Services Inc.
  313. Scott Rosenberg of UBS Financial Services Inc.
  314. Raymond Samuels of Fidelity Brokerage Services LLC
  315. John Seiber of UBS Financial Services Inc.
  316. Stephen Seiber of UBS Financial Services Inc.
  317. Jason Stephens of UBS Financial Services Inc.
  318. Taylor Thompson of UBS Financial Services Inc.
  319. Paul Addo, III of UBS Financial Services Inc
  320. David Ciprich of UBS Financial Services Inc.
  321. John Klaasen, IV of UBS Financial Services Inc.
  322. Raymond Byers of UBS Financial Services Inc.
  323. Mark Elias of UBS Financial Services Inc
  324. Andrew Kittelson of UBS Financial Services Inc
  325. Michael Hardy of UBS Financial Services Inc
  326. Rosa Fernandez formerly with UBS Financial Services Incorporated of Puerto Rico
  327. Franco Dimaio of UBS Financial Services Inc
  328. Fidel Trejo, Jr. of UBS Financial Services Inc
  329. Haydee Delgado of UBS Financial Services Inc
  330. Aishka Lugo of UBS Financial Services Inc
  331. Drew Freides of UBS Financial Services, Inc
  332. Steven Kocher of UBS Financial Services Inc.
  333. Stephen Rabinowitz of Fidelity Brokerage Services LLC
  334. Russell Rabito of UBS Financial Services Inc
  335. Roberto Fortuno of UBS Financial Services Inc.
  336. Brian Mariash of UBS Financial Services Inc.
  337. Tucker Wadkins of UBS Financial Services Inc
  338. Barry Schwartz of UBS Financial Services Inc
  339. James Schwarz of UBS Financial Services Inc
  340. John Sofranko, III of UBS Financial Services Inc
  341. Ernie Kloock of UBS Financial Services Inc
  342. Ernie Kloock of UBS Financial Services Inc
  343. Morgan Hees of UBS Financial Services Inc. Reviews
  344. Daisy Feng of UBS Financial Services Inc Reviews
  345. Daniel Fusco of Morgan Stanley Reviews
  346. Marisol Colomer of UBS Financial Services Inc
  347. Susan Morse of UBS Financial Services Inc. Reviews
  348. Paul Murans of Thurston Springer Financial Reviews

If you have lost money investing with any of these UBS Financial Services advisors or others within this brokerage firm, it’s important that you reach out to an investment loss attorney quickly because the statutes of limitations can bar your claims. Call us at 800-732-2889.

Why Does UBS Financial Services Have So Many Regulatory Problems And Customer Complaints?

Independent broker-dealers are notorious for their lax supervisory practices and procedures. The business model of these franchise type operations is to open many offices nationwide for steady growth of fixed monthly revenues without the costs attendant to a full-service branch office with on-site manager, compliance officer and operation personnel. The registered representatives of these independent broker-dealers generally operate as separately incorporated businesses. They are not employees of the broker-dealer and therefore not controlled in the same manner as full-service brokerage firm representatives. The registered representatives control their structure and costs to maximize profits and often leave the protection of investors’ rights and interests as their lowest priority.

The typical supervisory organization of independent broker-dealer operations is to have other independent contractors operate Offices of Supervisory Jurisdiction (OSJs) to monitor the registered representatives from geographically remote offices and then report to the main franchisor’s compliance office at national headquarters. The supervisors at the OSJs are not employees of the franchisor and often run their own brokerage, insurance and other businesses. They are not devoted full-time supervisors of the smaller branch offices. Consequently, OSJ managers cannot and do not supervise the day-to-day operations of the registered representatives of these Independent broker-dealers. 

Generally, there is no immediate review of new accounts opened, securities transactions, business records, cash or securities receipts and deliveries, correspondence and business activities unrelated to the securities brokerage operation at these independent brokerage firms. The lax supervision leaves investors who have transferred their accounts to the smaller independent broker-dealer vulnerable to sales of securities that have not been reviewed or authorized by anyone other than the sales representative earning a commission. There may be no one onsite to detect forgeries of clients’ signatures on documents, the placement of inaccurate information about a client’s investment objectives and financial condition to document the suitability of a particular investment recommendation. Oftentimes there is no daily review of sales literature and client correspondence to protect against misrepresentations and misleading statements being made to investors. In fact, it is not unusual for there to be only one compliance audit visit per year at many of these offices.

These Independent brokerage business operations are worrisome to the North American Securities Administrators Association (NASAA), which has documented more instances of sales abuse and consequently investor losses at these firms than the traditional brokerage firms with branch offices with on-site managers and compliance personnel.

Did UBS Financial Services Advisor Misconduct Cause You Investment Losses?

When financial advisor misconduct has caused you to lose substantial value to your investment accounts, you have the right to seek reimbursement from the responsible parties. UBS Financial Services is responsible like any employer for its financial advisors acts and omissions. In addition, it has an independent duty to supervise its stockbrokers and investment advisors. These cases can be extremely complex, and so having the support of a reputable attorney who is experienced in recovering investment losses for investors is key to your success. Many customers make the mistake of contacting UBS Financial Services without representation with an attorney about their complaints and have their complaints denied.

Related Read: Can You Sue Your Brokerage Firm?

Investment Losses? We Can Help

Discuss your legal options with an attorney at The Law Offices of Robert Wayne Pearce, P.A.

Get A Free Consultation

or, give us a ring at (800) 732-2889.

Robert Pearce

Consult With An Attorney Who Recovers Investment Losses Caused By UBS Financial Services Today!

The investment loss attorneys at The Law Offices of Robert Wayne Pearce, P.A., have helped countless investors over the last 40 years recover the losses from their investment accounts that were caused by broker negligence or misconduct. The firm has extensive experience with UBS Financial Services cases, and Attorney Pearce is committed to seeing that those responsible for the losses you have suffered are held fully accountable.

Give us a call at 800-732-2889. Let’s discuss your case and see what we can do to help you get the compensation you need and deserve.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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