UBS FINANCIAL SERVICES INC.

Broker Michael Lipschutz in UBS Financial Services INC. Firm Has Customer Complaint

January 5, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Lipschutz (Lipschutz), previously associated with UBS Financial Services INC., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Lipschutz 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 $319,000.00 on November 05, 2025.

Time frame: 2024\, Claimant\\u2019s counsel alleges that former UBS advisor Mr. Lipschutz improperly invested all of their assets on a highly speculative trading platform that was not authorized by UBS, which resulted in heavy losses. \,

Broker Roger Wacker in UBS Financial Services INC. Firm Has Customer Complaint

December 30, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Roger Wacker (Wacker), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Wacker 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 $400,000,000.00 on December 14, 2021.

Time frame:December 2015 through September 2020\, Allegations: Claimants allege they received unsuitable and risky investment strategy recommendations which involved using margin debt and “aggregate” credit to support trading including short selling and complex options trading of Tesla.

There are Recent Customer Complaints with Broker Donald J. Mahoney in Firm UBS Financial Services INC.

December 28, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald J. Mahoney (Mahoney), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Mahoney 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 $2,000,000.00 on January 04, 2022.

Time frame: 10/2020 – 11/2020\, Allegations:\, Claimant alleges that during the transition from another financial firm to UBS FS, assets were invested in cash for ten (10) days rather than invested in securities. Claimant alleges they relied upon the Firm to transition the account and to keep them invested in the markets, and due to alleged negligent misrepresentations and omissions, negligent failure to supervise, breaches of fiduciary duty, and breaches of contract, they suffered damages in excess of $2,000,000.

There are Recent Customer Complaints with Broker Felipe Zegarra in Firm UBS Financial Services INC.

December 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 18, 2022.

Client alleges he lost money due to advisor not placing trades on the day he requested by phone. The activity occurred between January 13, 2022 and January 18, 2022.

Broker Nicolas Barrios in UBS Financial Services INC. Firm Has Customer Complaint

December 26, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 21, 2022.

Time Frame: 2012-2019 \, \, Allegations: POA for Claimant alleges FA Barrios invested in unsuitable speculative start up software company, provided falsified account statements to Claimant, and misappropriated Claimant’s funds invested.

There are Recent Customer Complaints with Broker Jeffrey Pacetti in Firm UBS Financial Services INC.

December 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jeffrey Pacetti (Pacetti), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Pacetti 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 $50,000.00 on February 09, 2022.

Time Frame: July 08, 2021 to February 09, 2022\, \, Verbal allegations that the Financial Advisor recommended an investment that after purchase, did not meet the client’s expressed criteria which was ‘not to lose any money’. Additional allegations made that the FA stated this was a risk-free investment

There are Recent Customer Complaints with Broker Dennis Oleszkowicz in Firm UBS Financial Services INC.

December 24, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dennis Oleszkowicz (Oleszkowicz), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Oleszkowicz 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 $200,000.00 on February 02, 2022.

Allegations as stated by Claimant: Time frame: 9/2020 – 1/2021\, \, Allegations: \, Claimants allege that, contrary to the instructions of the Successor Trustee, funds in the inherited accounts were placed into a regular investment account rather than into an Inherited IRA account. Claimants allege they relied upon the Firm to ensure that documentation provided would be consistent with the objective of setting up an Inherited IRA account and deferring taxation on the funds as permitted under the tax code, and due to alleged breaches of fiduciary duty, negligence, negligent misrepresentation, suitability, Reg. BI, and violations of the Michigan Uniform Securities Act (“MUSA”) MCL 451.2509, they suffered damages of approximately $200,000.

There are Recent Customer Complaints with Broker Donald J. Mahoney in Firm UBS Financial Services INC.

December 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Donald J. Mahoney (Mahoney), currently associated with UBS Financial Services INC., has at least one disclosable event. These events include one customer complaint, alleging that Mahoney 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 $2,000,000.00 on January 04, 2022.

Time frame: 10/2020 – 11/2020\, Allegations:\, Claimant alleges that during the transition from another financial firm to UBS FS, assets were invested in cash for ten (10) days rather than invested in securities. Claimant alleges they relied upon the Firm to transition the account and to keep them invested in the markets, and due to alleged negligent misrepresentations and omissions, negligent failure to supervise, breaches of fiduciary duty, and breaches of contract, they suffered damages in excess of $2,000,000.

Broker Felipe Zegarra in UBS Financial Services INC. Firm Has Customer Complaint

December 11, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 18, 2022.

Client alleges he lost money due to advisor not placing trades on the day he requested by phone. The activity occurred between January 13, 2022 and January 18, 2022.

There are Recent Customer Complaints with Broker Nicolas Barrios in Firm UBS Financial Services INC.

December 10, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a settled customer complaint on January 21, 2022.

Time Frame: 2012-2019 \, \, Allegations: POA for Claimant alleges FA Barrios invested in unsuitable speculative start up software company, provided falsified account statements to Claimant, and misappropriated Claimant’s funds invested.