UBS FINANCIAL SERVICES INC.

Broker Deborah Bauer in UBS Financial Services Inc. Firm Has Customer Complaint

April 10, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Deborah Bauer (Bauer), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Bauer recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 30, 2024.

Time frame: 2020\, Claimants allege unsuitability in that the financial advisor recommended and processed the sale of stock without a plan for the funds post-sale, leaving the claimants under-invested with excess liquidity.

Broker Steven Cox in UBS Financial Services Inc. Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Steven Cox (Cox), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Cox recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $79,331.92 on August 07, 2024.

Time Frame: August 2nd, 2024 to August 7th, 2024\, \, What were the allegations against the individual? \, ALLEGATIONS – The client alleges that the Financial Advisor failed to follow instructions to liquidate positions.

Broker Kenneth Angelo in UBS Financial Services Inc. Firm Has Customer Complaint

April 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Kenneth Angelo (Angelo), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Angelo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on August 07, 2024.

Time frame: not specified \, \, Allegations: Plaintiff’s Counsel alleges their client was provided unsuitable investment advice and recommendations; they were over weighted in municipal bonds and they paid excessive fees in the managing of their accounts.

There are Recent Customer Complaints with Broker Frederick Kort in Firm UBS Financial Services Inc.

April 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frederick Kort (Kort), previously associated with UBS Financial Services Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Kort 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 $1,000,000.00 on August 12, 2024.

Time frame: 2017-2024 Allegations: Claimant alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

Broker Mark Sullivan in UBS Financial Services Inc. Firm Has Customer Complaint

April 7, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Sullivan (Sullivan), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Sullivan recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on August 14, 2024.

Time Frame: July 13th 2015 to August 14, 2024\, What were the allegations against the individual? Client verbally alleged the securities recommended were not suitable for a person of his age.

Broker Shailesh Negandhi in UBS Financial Services Inc. Firm Has Customer Complaint

April 6, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Shailesh Negandhi (Negandhi), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one regulatory event, alleging that Negandhi recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on August 16, 2024.

For the sole purpose of resolving an investigation by the Texas State Securities Board, Shailesh Negandhi consented to the entry of this order. The TSSB found that Negandhi repeated a pattern of short – term trading in CEFs without a reasonable basis to do so and in violation of his firm’s policies. These violations constitute an inequitable practice in the sale of securities. Pursuant to Section 4007.105(a)(3)(A) of the Texas Securities Act, the aforementioned inequitable practice constitutes a basis for the issuance of an Order reprimanding and suspending Negandhi.

There are Recent Customer Complaints with Broker Enrique Fernandez in Firm UBS Financial Services Inc.

March 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Enrique Fernandez (Fernandez), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Fernandez 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 $300,000.00 on January 02, 2025.

Time frame: Unspecified \, Allegations: Claimant alleges the recommendation to invest in and hold Puerto Rico closed-end funds was unsuitable, and that their accounts were unsuitably over concentrated in Puerto Rico investments. They also allege that the risks of investing in and concentration in Puerto Rico investments was misrepresented.

Broker Jason Klein in UBS Financial Services Inc. Firm Has Customer Complaint

March 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Klein (Klein), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Klein recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 06, 2025.

Time Frame: December 1st, 2022 to July 31st, 2024\, What were the allegations against the individual – The client alleges they were placed in unsuitable investments based on their age and investment knowledge and the investments were misrepresented.

There are Recent Customer Complaints with Broker Robert Dicolo in Firm UBS Financial Services Inc.

March 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Dicolo (Dicolo), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Dicolo recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on February 03, 2025.

Time Frame: May 1st, 2019 to January 31st, 2025\, What were the allegations against the individual? The client alleges that his Financial Advisors failed to follow his instructions by not investing funds received in the 529 plan. The client further alleges that his retirement money was not invested as per his instructions in years.

There are Recent Customer Complaints with Broker Alan s Reisfield in Firm UBS Financial Services Inc.

March 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Alan s Reisfield (Reisfield), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Reisfield recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on September 03, 2024.

Time frame: March 1, 2024 to April 11, 2024\, Allegations: Client, through counsel, alleges that UBS did not act in the best interest of the client by allowing the transfer of certain UBS account assets to a retail banking account.