Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on December 1, 2017 indicate that New York-based UBS Financial Services broker/adviser Melinda Abood has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Abood (CRD# 867463).
Melinda Abood has spent 36 years in the securities industry and has been registered with UBS Financial Services in New York, New York since 1986, She was previously registered with Shearson Lehman Hutton (1981-1986). She has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which she obtained on May 18, 1982; Series 15 (Foreign Currency Options Examination), which she obtained on July 6, 1990; Series 5 (Interest Rate Options Examination), which she obtained on October 17, 1981; and Series 7 (General Securities Representative Examination), which she obtained on June 16, 1979. She is a registered broker and investment adviser with 27 US states and territories and nine self-regulatory organizations (SROs): BOX Options Exchange LLC, the Chicago Board Options Exchange, FINRA, NYSE American LLC, NYSE Arca, Nasdaq ISE, Nasdaq PHLX, the Nasdaq Stock Market, and the New York Stock Exchange.
According to her BrokerCheck report, she has received three customer complaints and one pending customer complaint.
In October 2017 a customer alleged Melinda Abood, while employed at UBS Financial Services, misrepresented an investment in Puerto Rico municipal bonds as a safe, conservative investment. The customer is seeking unspecified damages in the pending complaint.
In 1991 a customer alleged Melinda Abood, while employed at Painewebber, recommended unsuitable investments, misrepresented material facts related to an investment, and breached her fiduciary duty. The complaint resulted in an award to the customer of more than $123,400.
In 1987 a customer alleged Melinda Abood, while employed at Painewebber, mismanaged the account by executing unsuitable transactions. The complaint settled for $70,000.
In 1987 a customer alleged she, while employed at Painewebber, recommended unsuitable transactions and executed unauthorized trades. The complaint settled for $20,000.
If you or someone you know has lost money investing with Melinda Abood, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid 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.