Kentucky-based UBS Financial Services broker/adviser Edmund Nasief is the subject of resolved or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Nasief (CRD# 819845).
Edmund Nasief has spent forty years in the securities industry and has been registered with UBS Financial Services in Louisville, Kentucky since 1988. Previous registrations include Shearson Lehman Hutton; EF Hutton & Company; and Merrill Lynch. He is a registered broker with 26 US states and territories.
According to his BrokerCheck report, Edmund Nasief is the subject of one customer complaint and one pending customer complaint.
In March 2015 a customer alleged Edmund Nasief, while employed at UBS Financial Services, did not advise him of changes to a hedge fund that rendered the investment unsuitable. The customer is seeking $500,000 in damages in the pending complaint.
In 1985 a customer alleged Edmund Nasief, while employed at EF Hutton & Company, made unsuitable investment recommendations. The complaint resulted in an award to the customer in 1986 of $19,949.
FINRA rules and federal securities laws require that brokers and investment advisers like Edmund Nasief must comply with a standard called suitability, mandating that they must recommend only investments considered suitable for their clients. Brokers must weigh such factors as the customer’s investment goals, experience, age, income, risk tolerance, and more. They may not misrepresent or omit material facts pertaining to an investment, as misrepresentations or omissions might lead a customer to invest unsuitably. Brokers who fail to recommend suitable investments may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
If you have lost money investing with Edmund Nasief, 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. Fitapelli Kurta takes every case on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be 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.
All information in this article made public by FINRA on April 18, 2016.