Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Daniel Violante (Violante), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Violante recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on November 13, 2023.
Time frame: March 2021 – November 2023 \, \, Allegations: Claimants allege that financial advisor recommended a Muni bond portfolio with long maturities, exposing them to interest rate risk. Claimants also allege that UBS should not have held the bonds in a fee-based account, and recommended an unsuitable line of credit to pay taxes claimants owed on the sale of their business.