FT. LAUDERDALE, Fla.,
Jan. 16, 2018 /PRNewswire/
-- The Mark A. Tepper law firm has filed claim against UBS
(NYSE: UBS) on behalf of a retired school teacher and her
husband.
The claim, filed with the Financial Industry Regulatory
Authority (FINRA), seeks recovery for unsuitable recommendations
and other violations of FINRA Rules.
The claim contends that a UBS broker purchased highly leveraged
oil and gas stocks and development stage biotech which were
unsuitable for a retired couple because of the high risk. Claimants
expressed dissatisfaction, yet the broker continued exercising
discretion without written authority, making unsuitable purchases,
the claim alleges. After big losses, when questioned about the
mishandling of the couple's retirement accounts, the claim alleges
that the UBS broker said he would be fired if the couple complained
to UBS.
The broker asked the couple to postpone their complaint and he
would help them successfully recover their losses, the claim
alleges.
The claim further alleges that the broker wrote in a text
message, "I am going to clean up my mess and make good by you."
Despite "indications of wrongdoing" (red flags), [UBS] failed to
supervise the activities of its broker in its customers' accounts,
the claim alleges.
How Investors May Recover losses
Investors may be eligible to file claims for recovery against
UBS. Did UBS recommend highly leveraged oil and gas stocks and/or
development stage biotech or other high-risk investments to
you?
If the answer is "yes" you may have a claim against UBS or your
broker to recover losses you sustained. For a free case evaluation
from the law firm of Mark A. Tepper
P.A., email attorney Mark A.
Tepper at askmark@marktepper.com or telephone
954-961-0096.
About Mark A. Tepper, P.A.
(www.MarkTepper.com)
Attorney Mark A. Tepper is the
former Chief Trial Counsel at the New
York Attorney General's Bureau of Investor Protection and
Securities. He has earned the reputation of "Investor Advocate"
while practicing law for over 35 years representing individual
investors. FINRA arbitrators have upheld stockbroker fraud claims
filed by Mr. Tepper against many brokerage firms. A member of the
Florida, New York and California Bars, Mr. Tepper is
peer-reviewed for 17 consecutive years as AV PREEMINENT® for
ethical standards and legal ability. It's the highest rating of
lawyers in the Martindale-Hubbell Law Directory.
MEDIA CONTACT:
Mark Hopkinson, NewsMark Public
Relations
561-852-5767 mhopkinson@newsmarkpr.com
http://www.newsmarkpr.com
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SOURCE Mark A. Tepper, P.A.