DID RUSSELL ANTHONY RABITO CAUSE YOU INVESTMENT LOSSES?
Russell Anthony Rabito with UBS Financial Services Inc. Has 2 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years
Who is Russell A. Rabito with UBS Financial Services Inc.?
Russell Rabito (CRD #845812) who is currently registered with UBS Financial Services Inc. and located in New York, New York is a subject of one of our many securities industry sales practice abuse investigations. Prior to UBS Financial Services Inc., Russell Rabito was associated with 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
UBS Financial Services Inc. Broker Misconduct
In his career, Russell Rabito has been the subject of 2 customer complaints that we know about, both of those complaints were filed in the last 2 years to recover investment losses. Both customer complaints filed against Russell Rabito’s current employer UBS Financial Services Inc. for investment losses caused by his alleged misconduct remain pending.
Allegations Against Russell Rabito
A sample of the allegations made in the FINRA reported arbitration claim settlements and pending complaints for investment losses are as follows:
- Customers in separate arbitration proceedings out of alleged misrepresentations in unsuitable investment recommendations by Russell Rabito to invest in and hold an option overlay strategy known as the UBS Yield Enhancement Strategy.
Russell Rabito Red Flags & Your Rights As An Investor
Of course, Russell Rabito 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 Russell Rabito at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Russell Rabito has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services Inc. about the UBS Yield Enhancement Strategy 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 Inc.
If you have questions about UBS Financial Services Inc. and/or Russell Rabito 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.