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Steven Torrico Of UBS Financial Services Inc. Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Steven Torrico of UBS Financial Services Inc.?

Steven Torrico (CRD #1666636) who is currently registered with UBS Financial Services Inc. and located in Paramus, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.

Steven Torrico was also the subject of an NASD N/K/A. FINRA investigation for allegedly failing to reasonably supervise certain mutual fund sales by a registered representative and to detect and prevent violations of applicable NASD and SEC rules.  Sanctions ordered included a suspension of 3 months and a $10,000 fine.

Steven Torrico Customer Complaints

Steven Torrico has been the subject of 2 customer complaints that we know about. One of Steven Torrico’s 2 customer complaints was settled in favor of investors. One of Steven Torrico’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Steven Torrico

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

  • Claimant alleged Steven Torrico’s failure to supervise.
  • The client alleged Steven Torrico did not inform her that the money managers were not going to look at the assets that they were selling in order to implement their strategy.

Steven Torrico Red Flags & Your Rights As An Investor

Of course, Steven Torrico 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 Steven Torrico at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Steven Torrico 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 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 Inc. Due To Steven Torrico

If you have questions about UBS Financial Services Inc. and/or Steven Torrico 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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