Subjects: SRI, ATY
Mark Tepper Law Firm Files Claim for Retired Couple Against UBS
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 [email protected] 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 [email protected]
SOURCE Mark A. Tepper, P.A.
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