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Kurt Sylvia (UBS Financial Services Broker): Complaints

Kurt SylviaAccording to public records provided by the Financial Industry Regulatory Authority (FINRA) on February 16, 2016, New Jersey-based UBS broker/adviser Kurt Sylvia is the subject of several customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing form investors who have complaints regarding Mr. Sylvia (CRD# 1966373).

Kurt Sylvia has spent 22 years in the securities industry and has been registered with UBS Financial Services in Weehawken, New Jersey since 2008. Previous registrations include Wachovia Securities in Lantana, Florida (2000-2008); First Union Brokerage Services in Charlotte, North Carolina (1999-2000); First Miami Securities in Boca Raton, Florida (1990-1999); and First Investors Corporation in New York, New York (1989-1990). He is a registered broker and investment adviser with 49 US states and territories.

According to his BrokerCheck report, Kurt Sylvia is the subject of four customer complaints.

In 2013 a customer alleged Sylvia, while employed at UBS Financial Services, recommended an unsuitable investment in hedge funds which he failed to properly explain. The complaint settled for $13,798.

In 2009 a customer alleged Kurt Sylvia, while employed at Wachovia Securities, misrepresented material facts and over-concentrated their accounts in financial preferreds and unit investment trusts (UITs) with subprime mortgage debt. The complaint settled for $50,000, to which Kurt Sylvia individually contributed $25,000.

In 2005 a customer alleged Sylvia, while employed at Wachovia Securities, recommended unsuitable investments in Ford and GM bonds, a CNL real estate investment trust, a high income UIT (Unit Investment Trust, and income mutual funds. The complaint settled for $17,000, to which Kurt Sylvia individually contributed $8,500.

In 2008 a customer alleged Kurt Sylvia, while employed at Wachovia Securities, negligently misrepresented material facts related to an investment and breached his fiduciary duty. The complaint resulted in an award to the customer of $143,000.

If you have lost money investing with Kurt Sylvia, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency, which means we only get paid if and when you collect money. You may have a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.