Customer Disputes Sales Practices Of UBS’ John Seiberling Fulton

John Seiberling Fulton (CRD#: 2481439, West Palm Beach, Florida) is a UBS Financial Services Inc. financial advisor. He has been registered with the firm since July 10, 2002. Fulton reported on his Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Profile that a customer lodged a dispute about him claiming that Fulton made unsuitable investment purchases in the customer’s account.

October 3, 2018 Complaint Regarding John Seiberling Fulton

On October 3, 2018, the customer filed the written complaint with UBS Financial Services Inc. in regard to Fulton’s sales practices. The customer claimed that Fulton put the customer in structured products without discussing the nature of those investments. In addition to failing to disclose how those structured products worked, Fulton also failed to assess whether the customer needed liquidity. Fulton allegedly failed to confirm the customer’s investment horizon. Moreover, the customer claimed that Fulton held the customer’s structured products for two years, exposing the customer to excess risk. Finally, the customer indicated that Fulton over-concentrated the customer’s assets in seemingly unsuitable investments. Because of this, the customer seeks compensatory damages. Although Fulton denies the customer’s allegations, the claim is still ongoing.

Alex. Browns & Sons Customer Complains About John Seiberling Fulton

Other brokerage firm customers questioned Fulton’s sales activities. For instance, Fulton used to work at Alex. Browns & Sons Incorporated. One of the firm’s customers filed a written complaint to dispute Fulton’s advice. Allegedly, Fulton recommended that the customer use options hedges to protect against a drop in the customer’s Vincam stock. Yet, Fulton then took a seemingly contradictory turn by advising the customer to remove that hedge. Apparently, in doing so, Fulton did not consider the customer’s risk tolerance and financial position. Because of this, the customer claimed to have lost $1,000,000.00. However, Alex. Brown denied the customer’s allegations.

Deutsche Bank Customer Complaint Involving John Seiberling Fulton

Fulton was also registered with Deutsche Bank Securities Inc. before joining UBS Financial Services Inc. Records who that Deutsche Bank customers lodged a written complaint about Fulton’s sales practices. First, customers’ alleged that Fulton made excessive trades in their accounts. Second, customers claimed that Fulton ignored their investment instructions. Third, customers stated that Fulton breached a fiduciary duty because his actions. As a result, the customers allegedly suffered poor performance. Because of this, the customers requested $250,000.00 in damages. While the customers’ allegations may have held true, Deutsche Bank Securities Inc. denied the complaint.

Investors who have incurred losses from John Seiberling Fulton are encouraged to contact Soreide Law Group at (888) 760-6552 for a free consultation. Our firm has recovered millions of dollars for investors who have suffered losses. We represent clients on a contingency fee basis and advance all costs.