Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ernie Kloock (Kloock), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Kloock recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $206,000.00 on May 02, 2023.
Time frame: 2021-2023 \, Claimant’s Counsel alleges that the recommendations to purchase and overconcentrate the clients’ accounts in preferred stock were unsuitable. Counsel further alleges the risks associated with preferred stock were not explained, the clients instructions to sell the stock were refused as well as other instructions given by the client were not followed.