Latest Securities Lawyer News

INVESTOR ALERT: Virginia Regulator Alleges UBS Made Unsuitable Recommendations UBS Financial Services, Inc. (CRD#: 8174, Weehawken, New Jersey) is a brokerage and investment advisory firm regulated collectively by Financial Industry Regulatory Authority (“FINRA”), Securities and Exchange Commission (“SEC”) and state securities regulators. Apparently, regulators have sanctioned UBS a number of times for securities industry misconduct. […]

Customer Disputes Sales Practices Of UBS’ John Seiberling Fulton John Seiberling Fulton (CRD#: 2481439, West Palm Beach, Florida) is a UBS Financial Services Inc. financial advisor. He has been registered with the firm since July 10, 2002. Fulton reported on his Financial Industry Regulatory Authority (“FINRA”) BrokerCheck Profile that a customer lodged a dispute about […]

UBS’ David Howard Fagenson Allegedly Misrepresented Investments David Howard Fagenson (CRD#: 1652012, Palm Beach, Florida) is a securities broker who previously worked for UBS Financial Services Inc. between September 3, 2010 and October 19, 2016. UBS Financial Services Inc. reported on Fagenson’s FINRA BrokerCheck Report that a customer of Fagenson’s had made false promises about […]

UBS Sued For Alleged Misappropriation Of Customer Funds UBS registered representative Derek Michael Nierman (CRD#: 2302164, Scottsdale, Arizona) has indicated on his FINRA BrokerCheck Report that his activities have resulted in five customer-initiated investment-related disputes. Those disputes relate to Derek Michael Nierman’s conduct at Morgan Stanley Smith Barney, UBS Financial Services Inc. and Citigroup Global […]

Customers Allege UBS, Fernando Rivera Misrepresented Securities Fernando Luis Castillo Rivera (CRD#: 1260734, San Juan, Puerto Rico) has been a registered representative of UBS Financial Services Inc. since June 6, 1984. Rivera disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that his activities have led customers to file FINRA Arbitration #14-02509, alleging Rivera committed sales […]

Soreide Law Group, a Securities Arbitration Law Firm, (888) 760-6552, obtained the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, May, 2013.” Michael Peter Borci (CRD #5436457, Registered Representative, Apollo Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Michael Borci consented […]