Client Of Broker Nick Polydoros (UBS) Alleges Unsuitability

Soreide Law Group provides you with new information concerning financial advisor representative Nick James Polydoros (CRD#: 1109056, Scottsdale, Arizona). Evidently, Polydoros joined securities firm UBS Financial Services beginning in December 2011. He became a financial advisor representative at UBS Financial Services in April 2013. Before then, he worked for Dain Rauscher Incorporated. Notably, FINRA BrokerCheck shows that two investors filed disputes about Polydoros. Read on to learn more about these disclosures.

UBS Financial Services Client Alleges Unsuitable Trading In Dispute About Nick Polydoros

Evidently, in February 2021, a client of UBS Financial Services disputed Polydoros’ sales practices. Supposedly, beginning in 2018, Polydoros made unsuitable trades. It appears that the client incurred principal losses on equities transactions from 2018 to 2021. For this reason, the client seeks $525,000 in compensation in this ongoing matter.

Client Of Dain Rauscher Incorporated Alleges Failure To Adhere To Investment Objectives

Evidently, a client of Dain Rauscher Incorporated took issue with Nick Polydoros’ trading. Supposedly, the client incurred losses in their account because Polydoros did not align his trading with the client’s investment objectives, including reducing margin debt. However, Polydoros and Dain Rauscher denied the client’s allegations and their request for $200,000 in compensation.

Losses By Investing With Broker Nick Polydoros?

Apparently, securities broker Nick Polydoros denies allegations of sales practice violations. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered substantial compensation for US clients who have experienced losses from their securities brokers and financial advisors.

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