Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors potentially experienced sales practice violations due to securities broker Michael Barry Lipschutz [CRD: 2824722, Rochester, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Lipschutz worked for UBS Financial Services Inc. from September 10, 2012, to April 18, 2022. Read on to learn more about the disclosures concerning Lipschutz.
Evidently, on March 19, 2025, a UBS Financial Services Inc. client filed FINRA Arbitration No. 25-00549 about Michael Lipschutz. Mainly, the client alleged that Lipschutz engaged in unauthorized options trading. Because of this, the client allegedly sustained damages. As a result, the client requested $546,000.00 in compensation from UBS Financial Services Inc. or Lipschutz. This arbitration is pending a resolution.
Notably, on December 17, 2024, a UBS Financial Services Inc. client filed FINRA Arbitration No. 24-02638 about Michael Lipschutz. Primarily, the client alleged that Lipschutz engaged in improper speculative trading, resulting in losses. Consequently, the investor allegedly incurred damages linked to options. Therefore, the client requested $1,281,000.00 in compensation from UBS Financial Services Inc. or Lipschutz. This arbitration is pending a resolution.
Additionally, a client of UBS Financial Services Inc. contested Michael Lipschutz’s sales practices by filing FINRA Arbitration No. 24-00564 on March 14, 2024. Allegedly, Lipschutz engaged in unauthorized trading connected to options. As a result, the client seeks compensation from UBS Financial Services Inc. or Lipschutz in the amount of $2,066,000.00 in this ongoing matter.
Do you need clarification on any investment losses relating to Michael Lipschutz? If so, contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a possible recovery of your investment losses. Soreide Law Group helps to recover losses for investors throughout the USA. The firm also takes cases on a contingency fee basis and advances all costs. Lipschutz and brokerage firms Lipschutz worked for deny accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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