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Gerard J. Costello Of UBS Financial Services, Inc.  Has 8 Customer Complaints for Alleged Broker Misconduct In the Past 2 Years

Who is Gerard J. Costello Of UBS Financial Services, Inc.?

Gerard Costello (CRD #1551511) who is currently registered with UBS Financial Services and located in New York City, New York is a subject of one of our many securities industry sales practice abuse investigations.  Prior to UBS Financial Services, Gerard Costello was associated with Credit Suisse Securities and one other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

UBS Financial Services Broker Misconduct

In his career, Gerard Costello has been the subject of 8 customer complaints that we know about, all 8 of those complaints were filed in the last two years to recover investment losses. One of Gerard Costello 8 customer complaints was settled in favor of investors.

Three of those complaints were denied by the firm and so far, have not been pursued by the investor. There are currently 4 pending customer complaints filed against Gerard Costello’s current employer UBS Financial Services for investment losses caused by his alleged misconduct.

Allegations Against Gerard J. Costello

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

  • Claimants allege unsuitability and misrepresentation with respect to recommendations to invest in and hold an option overlay strategy.
  • The client alleges that the volatility of the investment was misrepresented to him.
  • Client alleges that option strategy was sold as a very low risk product and with inadequate financial disclosure on past performance.  Client further states that the marketing presentation was misleading.

Gerard J. Costello Red Flags & Your Rights As An Investor

Of course, Gerard Costello 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 Gerard Costello at UBS Financial Services and Credit Suisse Securities on alert to review carefully the activity and performance of their accounts and question whether Gerard Costello has engaged in any stockbroker misconduct that may have caused them investment losses.

The large number of customer complaints at UBS Financial Services also raises questions about 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

If you have questions about UBS Financial Services, Credit Suisse Securities, and/or Gerard Costello 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 $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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