| Read Time: 2 minutes | News & Articles | UBS Financial Services Complaints |


Frank Carrasco Of UBS Financial Services Inc. Has 3 Customer Complaints For Alleged Broker Misconduct

Who is Frank Carrasco of UBS Financial Services Inc.?

Frank Carrasco

Frank Carrasco (CRD #2006959) who is currently registered as a broker and investment adviser with UBS Financial Services Inc. and located in San Juan, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations. Prior to UBS Financial Services Inc., Frank Carrasco 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.

Frank Carrasco Customer Complaints

Frank Carrasco has been the subject of 3 customer complaints that we know about to recover investment losses. One customer complaint resulted in an arbitration award against UBS Financial Services in the amount of $521,000 for his alleged misconduct involving the sale of closed-end bond funds. Another dispute was settled by UBS financial services in favor of the investor. There is currently one customer complaint still pending against UBS Financial services for Frank Carrasco’s alleged misconduct.

Allegations Against Frank Carrasco

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Funds recommended were not in customer’s best interest, unsuitable and misrepresented.
  • Advisor’s recommendation to invest in and hold Puerto Rico Closed-end funds and Puerto Rico municipal bonds were unsuitable, and their accounts were unsuitably over-concentrated in those investments.
  • Risk of Puerto Rico investments was misrepresented.
  • Unsuitable investment recommendation to customers to concentrate their accounts in closed-end funds invested in Puerto Rico securities.

Frank Carrasco Red Flags & Your Rights As An Investor

Of course, Frank Carrasco 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 Frank Carrasco at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Frank Carrasco 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?

best investment fraud lawyers

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 Frank Carrasco

If you have questions about UBS Financial Services Inc. and/or Frank Carrasco 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.

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars