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Jose Ramirez, Jr. Formerly With UBS Financial Services Inc. Has 85 Customer Complaints For Alleged Broker Misconduct

Who is Jose Ramirez, Jr. formerly with UBS Financial Services Inc.?

Jose Ramirez, Jr.

Jose Ramirez, Jr. (CRD #1519748) who was formerly registered with UBS Financial Services Inc. and located in Guaynabo, Puerto Rico, is a subject of one of our many securities industry sales practice abuse investigations. Prior to UBS Financial Services Inc., Jose Ramirez, Jr. was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. José Ramirez, Jr. has had his share of regulatory problems. He pled guilty to wire fraud and has been sentence to 12 months in prison. Further, he was permanently enjoined by United States SEC securities fraud. Moreover, FINRA has permanently barred him from further association with any member firm in any capacity.

Investment Losses? Let’s talk.

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Jose Ramirez, Jr.  Customer Complaints

Jose Ramirez, Jr. has been the subject of 85 customer complaints that we know about to recover investment losses. There were 4 customer complaints that went through arbitration and resulted in an arbitration award in favor of the investors in the amounts of over $2.5 million, $3.1 million, $368,000, and $2.1 million. The rest of the customer complaints were settled by UBS financial services, Inc. in favor of the investors.

Allegations Against Jose Ramirez, Jr.

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

  • Unsuitable investment recommendations to invest in and hold Puerto Rico closed-end funds and Puerto Rico government bonds.
  • Overconcentration a customer’s investment portfolios in Puerto Rico municipal bonds and closed-end bond funds.
  • Misrepresentations of investments in Puerto Rico municipal bonds and closed-end bond funds.

Jose Ramirez, Jr. Red Flags & Your Rights As An Investor

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

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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 Jose Ramirez, Jr.

If you have questions about UBS Financial Services Inc. and/or Jose Ramirez, Jr. 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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