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Melinda Abood of UBS Financial Services Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Melinda Abood of UBS Financial Services?

Melinda Abood (CRD #867463) who is currently registered with UBS Financial Services and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations.

Melinda Abood Customer Complaints

Melinda Abood has been the subject of 5 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Melinda Abood’s 5 customer complaints resulted in an arbitration award in favor of the investor. Three of Melinda Abood’s 5 customer complaints were settled in favor of investors. One of Melinda Abood’s customers’ complaints was denied and the customers did not take any further action.

Allegations Against Melinda Abood

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

  • The client’s attorney alleges Melinda Abood misrepresented the Puerto Rico bonds by stating they were safe and a conservative investment because they were insured and without risk to the principal value of the investment.
  • The client alleges that Melinda Abood failed to follow his instructions and put him in below investment grade junk related bonds. He further alleges his financial advisor omitted material information about the credit rating of Ford bonds.

Melinda Abood Red Flags & Your Rights As An Investor

Of course, Melinda Abood 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 Melinda Abood at UBS Financial Services on alert to review carefully the activity and performance of their accounts and question whether Melinda Abood 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 Melinda Abood

If you have questions about UBS Financial Services, and/or Melinda Abood 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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