Customers File Disputes Involving UBS Financial Services’ Pedro Pons
Customers File Disputes Involving UBS Financial Services’ Pedro Pons
Pedro J. Jose Pons (CRD#: 2495983, San Juan, Puerto Rico) is a prior general securities representative of UBS Financial Services Inc. Throughout Pedro Pons’s employment, he serviced the investment accounts of approximately 19 customers that complained about his activities. A brief summary of Pedro Pons pending complaints shows allegations against him or UBS Financial Services Inc. of unsuitability and misrepresentation.
October 9, 2018 Arbitration About Pedro Pons
A UBS Financial Services Inc. customer filed FINRA Arbitration #18-03510 on October 9, 2018. First, the customer alleged misrepresentation of material facts about Puerto Rican bonds and closed-end funds. Second, the customer claimed that the investments were not suitable. Apparently, the investments were not appropriate because of the customer’s risk tolerance or investment objectives. Third, the customer claimed that UBS Financial Services Inc. failed to supervise the customer’s activities. As a result, the customer made a request for $800,000.00 in compensation. This matter is pending a resolution.
June 21, 2018 Arbitration Concerning Pedro Pons
On June 21, 2018, a customer of UBS Financial Services Inc. filed a $1,000,000.00 FINRA Arbitration Claim #18-02292 about Pedro Pons. Mainly, the customer asserted claims against the firm or Pedro Pons of unsuitability. Additionally, the customer alleged that there was an over-concentration of the customer’s investments in Puerto Rico municipal bonds. Also, the customer asserted claims of misrepresentation concerning those investments. Evidently, the customer in this pending case alleged $1,000,000.00 in damages.
November 27, 2017 Involving Pedro Pons
A customer of UBS Financial Services Inc. filed A FINRA Arbitration #17-02834 on November 27, 2017. Specifically, the matter concerned bad sales practices from December 2012 to September 2016. Allegedly, Pedro Pons, or someone under his supervision, made bad investment recommendations for the customer about investments in Puerto Rico bonds. Moreover, the customer claimed that the investments were misrepresented and wrongfully allocated. Therefore, the customer demanded $50,000.00 in damages. Lars Soreide Highest Ethical Standard Award 2018
In the event that you experienced losses by investing with Pedro Pons, or someone who Pedro Pons supervised, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represent clients on a contingency fee basis and advance all costs. The firm has recovered millions of dollars for investors who have suffered losses due to misconduct of brokers and brokerage firms.
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Brown Associates, Inc. [CRD: 5049, Chattanooga, Tennessee] was censured and fined $30,000 in an AWC issued by FINRA, according to FINRA's Disciplinary and Other FINRA Actions report for September 2026.
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