UBS FINANCIAL SERVICES INC.

Broker William Cerf in UBS Financial Services Inc. Firm Has Customer Complaint

February 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Cerf (Cerf), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Cerf 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 $3,000,000.00 on September 07, 2023.

Time frame: 2017 – 2023\, Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

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

February 8, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a final customer complaint on April 09, 2024.

The Department, based upon an investigation of the Respondent’s activities in this state, alleges that the Respondent has not complied with continuing education requirements mandated by Section 626.2815, Florida Statutes, and Rule 69B-228.220, Florida Administrative Code, for the compliance period ending February 29, 2024.

There are Recent Customer Complaints with Broker Russell Rabito in Firm UBS Financial Services Inc.

February 8, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Russell Rabito (Rabito), currently associated with UBS Financial Services Inc., has at least 2 disclosable events. These events include 2 customer complaints, alleging that Rabito recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on July 15, 2023.

Time frame: Late 2017-2019, Allegations: Claimants allege unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

There are Recent Customer Complaints with Broker Luis Nin in Firm UBS Financial Services Inc.

February 6, 2025 | by Staff Attorney

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

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

Without admitting or denying the findings, Nin consented to the sanctions and to the entry of findings that he placed unauthorized trades in a customer account after learning that the authorized party on the account had died. The findings stated that although Nin confirmed the trades with a relative of the deceased, that person did not have trading authority on the account. The trades liquidated the entire account value of over $260,000 to cash and were done in order to prevent further market losses. Nin received $2,551.10 in commissions and sales credits as a result of the trades. In connection with placing the trades, Nin inaccurately indicated to his member firm that he had received instructions for the trades from the customer.

There are Recent Customer Complaints with Broker Gerard Costello in Firm UBS Financial Services Inc.

February 4, 2025 | by Staff Attorney

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.

There are Recent Customer Complaints with Broker Roberto Dejesuspou in Firm UBS Financial Services Inc.

February 3, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on November 15, 2024.

Time frame: unspecified\, allegations: claimant alleges her investments in a puerto rico closed-end fund were unsuitable, over-concentrated, and misrepresented as safe investments.

There are Recent Customer Complaints with Broker Richard Grassey in Firm UBS Financial Services Inc.

February 3, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Richard Grassey (Grassey), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Grassey 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 $3,500,000.00 on December 03, 2024.

Time frame: january 2011 to 2023 claimant’s counsel alleges ubs failed to do adequate due diligence on a fund of funds, which counsel alleges was unsuitable for any investor, and as a result all relevant risks were not disclosed to investors.

Broker Siobhan Brady in UBS Financial Services Inc. Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Siobhan Brady (Brady), currently associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Brady 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 November 01, 2024.

Time frame: 2008 and 2022, Claimants allege that account used to collateralize a line of credit was unsuitably allocated in equities. Claimants further allege that the overall investment strategy was not in their “Best Interest”.

Broker James Chin in UBS Financial Services Inc. Firm Has Customer Complaint

February 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Chin (Chin), previously associated with UBS Financial Services Inc., has at least one disclosable event. These events include one customer complaint, alleging that Chin 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 November 01, 2024.

Time frame: 2008 and 2022, Claimants allege that account used to collateralize a line of credit was unsuitably allocated in equities. Claimants further allege that the overall investment strategy was not in their “Best Interest”.

There are Recent Customer Complaints with Broker William Lawes in Firm UBS Financial Services Inc.

February 1, 2025 | by Staff Attorney

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

FINRA BrokerCheck shows a pending customer complaint on December 02, 2024.

Client’s attorney alleges, inter alia, that investments strategy recommended to the client was not in his best interest 2023 damages unspecified.