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Frederick Kort Formerly With UBS Financial Services Inc. Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Frederick Kort Formerly With UBS Financial Services Inc.?

Frederick Kort (CRD #5376727) who was formerly registered with UBS Financial Services Inc. and located in Chicago, Illinois, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to UBS Financial Services Inc., Frederick Kort was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Frederick Kort Customer Complaints

Frederick Kort has been the subject of 5 customer complaints that we know about to recover investment losses.  One of the customer complaints resulted in an arbitration award in favor of the investors the amount of $370,000. Another customer dispute was settled $455,000 within the last year. The other 3 customer complaints were denied, and to date, the customers have not taken any further action.

Frederick Kort was terminated by UBS Financial Services for allegedly affixing client signatures on to options agreements and attempting and unauthorized computer download of both firm proprietary and client identifying information.

Allegations Against Frederick Kort

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

  • Violation of the Ohio Securities Act, negligence, breach of fiduciary duty, breach of contract which resulted in an arbitration award.
  • Unsuitable investment recommendations and misrepresentations related to an investment in and recommendation to hold and options overlay strategy.
  • Misrepresentations and unsuitable recommendations relating to the UBS Financial Services Yield Enhancement Investment strategy.
  • Unsuitable investment recommendations and failure to disclose the risks related to a REIT investment.

Frederick Kort Red Flags & Your Rights As An Investor

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

File A Claim To Recover Your Investment Losses At UBS Financial Services Inc. Due To Frederick Kort

If you have questions about UBS Financial Services Inc. and/or Frederick Kort 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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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 $160 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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