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John Sommo Formerly With UBS Financial Services Has 3 Customer Complaints For Alleged Broker Misconduct

Who is John Sommo formerly with UBS Financial Services?

John Sommo (CRD #3141638) who was formerly registered with UBS Financial Services and located in New Haven, Connecticut is a subject of one of our many securities industry sales practice abuse investigations.

John Sommo Customer Complaints

John Sommo has been the subject of 3 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Two of John Sommo’s 3 customer complaints were settled in favor of investors. One of John Sommo’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against John Sommo

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

  • Client stated he was not informed by John Sommo that he could lose principal or that he would have penalties for early withdrawals prior to purchasing a variable annuity.
  • This complaint arose out of the sale of an auction rate security (ARS) that was made prior to the widespread illiquidity in the ARS market by John Sommo.
  • The client alleged she was placed in unsuitable securities and was over-concentrated in the Master a Limited Partnership (MLP) energy sector by John Sommo.

John Sommo Red Flags & Your Rights As An Investor

Of course, John Sommo 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 John Sommo at UBS Financial Services on alert to review carefully the activity and performance of their accounts and question whether John Sommo 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 the brokerage firms’ 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 Due To John Sommo

If you have questions about UBS Financial Services and/or John Sommo 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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