Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 28, 2016 indicate that Florida-based UBS Financial Services broker Milton Helm has received customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Helm (CRD# 861834).
Milton Helm has spent 37 years in the securities industry and has been registered with UBS Financial Services in Orlando, Florida since 2005. Previous registrations include Legg Mason Wood Walker in Baltimore, Maryland; Prudential Securities in New York, New York; and Merrill Lynch in New York, New York. He is a registered broker with five US states: California, Florida, Maryland, Minnesota, and Nevada.
According to his BrokerCheck report, Milton Helm has been the subject of two customer complaints.
In 2014 a customer alleged Milton Helm, while employed at UBS Financial Services, executed unauthorized trades. The complaint settled in October 2015 for $150,000.
In 2013 a customer’s trustee alleged Milton Helm, while employed at UBS Financial Services, executed unauthorized and unsuitable investments. The complaint settled in 2014 for $100,000.
A mutual fund is a variety of investment that combines a collection of stocks, bonds, or other securities. The collection is referred to as a portfolio. Each share of a portfolio represents the investor’s ownership of the fund’s holdings and the income generated by these holdings. Mutual funds typically generate money for investors either by way of dividends on stocks and interests on bonds, or a capital gain on the sale of securities. Mutual funds also allow you to receive a check for the distributions or simply reinvest the earning into more shares. They are often inexpensive and easy to purchase; they also generally allocate risk well, and bring the benefit of professional management. However, they may also come with hidden fees, and trigger a capital gains tax when a fund manager sells a security. Brokers and investment advisers who engaged in misconduct related to mutual fund investments may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has complaints regarding Milton Helm, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: Fitapelli Kurta only receives payment if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.