Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gerard Costello (Costello), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Costello 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 $620,000.00 on December 16, 2024.
Time frame: 2018, claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. Counsel further states clients were placed in an investment that was not in their best interest.