Customers Allege Bad Sales Practices By Merrill Lynch Broker JUAN BARRERAS Juan Guillermo Herrans Barreras (CRD#: 1742910, Miami, Florida) is a financial advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”). Mainly, the advisor, who has been registered with the firm since June 21, 2010, has some alarming disclosures on his FINRA BrokerCheck […]

ATTENTION INVESTORS! Claims Against UBS Financial Services Broker ANGEL CANABAL UBS Financial Services broker and supervisor Angel Manuel Canabal Sr. (CRD#: 2180310, Mayaguez, Puerto Rico), who has been registered with the firm since February 2, 1998, reported through Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that at least 84 of his customers at UBS Financial Services […]

Soreide Law Group is currently investigating on behalf of investors who suffered investment losses, the UBS Yield Enhancement Strategy Program (UBS YES Program). UBS offered the YES Program as an option-based trading strategy.  The investors committed a certain amount of their portfolios to this program. UBS allegedly offered these clients a safe and low-risk investment […]

JOHN COCHRAN MACCOLL (JOHN MACCOLL) CRD#: 839441, a former UBS financial advisor from Rochester Hills, Michigan, was barred by both FINRA and the SEC from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.  It is alleged McColl embezzled over $3.7 million. […]

ALEX GERARDO HERRERA CRD#: 3204779 was barred by FINRA on August 8, 2018, from acting as a broker or otherwise associating with a broker-dealer firm. Without admitting or denying the findings, Herrera consented to the sanction and to the entry of findings that he refused to provide information requested by FINRA in connection with its […]

The Financial Industry Regulatory Authority Inc. (FINRA) awarded five UBS Financial Services’ clients more than $521,000 in compensatory damages in a case related to the clients' investments in Puerto Rican bonds and closed-end bond funds. The clients are all residents of Puerto Rico.  They claimed that UBS violated the Puerto Rico Uniform Securities Act and […]

The South Florida-based Soreide Law Group (888-760-6552) obtained the following information from FINRA’s website under, “Disciplinary and Other FINRA Actions, July 2016.” James P. Scullin (CRD #1577362, Miami, Florida) was assessed a deferred fine of $15,000 and suspended by FINRA for nine months for allegedly placing an unauthorized trade in a client’s account. FINRA’s findings […]

Soreide Law Group is currently investigating UBS Financial Services (UBS) in the sale of UBS V10 Enhanced FX Carry Strategy. UBS is one of the largest FX dealers and was recently under investigation by Switzerland's regulatory authority, FINMA, into potential FX benchmark manipulation. As a result, they were severely penalized. Bloomberg describes the product as […]

In a recent Reuters' article, Miguel A. Ferrer, the former chairman of UBS Financial Services Inc of Puerto Rico, a unit of UBS AG, told a meeting of their brokers on June 2, 2011, in San Juan, that they needed to change their mindset or leave. This was according to an audio recording in Spanish […]