FINRA Sanctions RD Washington

Soreide Law Group is investigating possible investor claims against securities broker RD Washington (also known as Rodney Deleths Washington) [CRD: 1275777, New Albany, OH]. Evidently, FINRA sanctioned the securities broker, who worked for UBS Financial Services Inc. Allegedly, Washington failed to provide information and documents to FINRA when it investigated potential FINRA rule infractions. Moreover, Washington is apparently linked to investor disputes that alleged sales practice violations. Here is a brief summary of the allegations against RD Washington.

FINRA Sanctions Washington For Failure To Provide Information

Evidently, on December 9, 2021, FINRA issued Case: 2020066438301 sanctioning RD Washington for infractions. Specifically, Washington was barred as a securities broker, so he cannot work as a broker and in other capacities for FINRA-member firms. Notably, FINRA alleged that Washington failed to provide information and documents to FINRA when it investigated potential FINRA rule infractions. The regulator’s investigation reportedly concerned Washington’s possible outside business activities.

UBS Financial Services Inc. Investor Accused RD Washington Of Failing To Close Account

Also, a UBS Financial Services Inc. client filed a complaint about RD Washington. Namely, the client alleged that Washington failed to close the client’s account. Because of this, the client allegedly sustained damages on investments. Therefore, on July 14, 2016, UBS Financial Services Inc. settled this matter by paying the client $275.68 in damages. However, the firm and securities broker admit no liability in this settlement.

Washington Disclosed Risky Investments Allegations By UBS Financial Services Inc. Client

Additionally, a client of UBS Financial Services Inc. contested RD Washington’s sales practices, according to a complaint dated March 31, 2005. Allegedly, Washington recommended risky investments. Supposedly, RD Washington caused the client to sustain damages on over-the-counter equities. Therefore, the client asked for compensatory relief from UBS Financial Services Inc. or Washington in this dispute, which the firm and broker denied.

Washington Employment Information

Washington worked for UBS Financial Services Inc. in New Albany, OH, as a securities broker from March of 1994 to April of 2021.

Damages Resulting From UBS Financial Services Inc. Securities Broker RD Washington?

Did you suffer damages through investing with RD Washington? Reach out to Soreide Law Group at (888) 760-6552 and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in the United States, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. RD Washington and brokerage firms RD Washington worked for deny any and all allegations of sales practice violations.