John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Soreide Law Group, based in Pompano Beach, Florida, obtained the following information from FINRA’s BrokerCheck on the following Florida broker/financial advisor:
MICHAEL NICHOLAS VASSALOTTI (MICHAEL VASSALOTTI)
MICHAEL VASSALOTTI is currently registered both as an investment advisor and a broker, since 2012, with UBS FINANCIAL SERVICES INC. of WEST PALM BEACH, FLORIDA. Vassalotti was previously listed with Morgan Stanley of West Palm Beach, Florida.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, MICHAEL VASSALOTTI, has been in the securities industry for 37 years and has been listed with 7 firms. Vassalotti has 4 disclosures on his FINRA CRD report. There is a pending “Customer Dispute” filed February 1, 2023. The allegations are, “Time Frame: October 30th, 1998 to August 1st, 2022 What were the allegations against the individual? Counsel alleges that his client was recommended an unsuitable investment strategy in which material misrepresentations were made. Counsel further alleges the strategy was not purchased in the client's best interest.” The damage amount requested is $974,094.12. The broker responded with, “All the information provided to the clients regarding the contract was based on my understanding from the communications with the insurance company. The decision to keep the contract was multi-factorial based on numerous conversations with the client.”
Unsuitability claims a client makes against their broker/dealer or financial advisor may include, among other claims, breach of fiduciary duty, negligence, breach of contract, misrepresentation, omission, failure to supervise and other violations. The representative must take into account that the investment products, advice, and strategies are appropriate for the investors’ risk tolerance, investment objectives, and age.
If you or a loved one have experienced financial losses due to the actions or recommendations of UBS FINANCIAL SERVICES’ broker/investment advisor, MICHAEL VASSALOTTI of West Palm Beach, Florida, contactthe South Florida-based Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis, no fee if no recovery.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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