Published on:

John Saunders Allegedly Mismanaged Multiple Accounts

John Saunders

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 7, 2018 indicate that Virginia-based UBS Financial Services broker/adviser John Saunders has received several customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Saunders (CRD# 870131).

John Saunders has spent 24 years in the securities industry and has been registered with UBS Financial Services in Roanoke, Virginia since 2007. Previous registrations include Citigroup Global Markets in Roanoke, Virginia (2006-2007); Legg Mason Wood Walker in Baltimore, Maryland (2004-2006); T. Rowe Price Investment Services in Baltimore, Maryland (2001-2002); Pruco Securities Corporation in Newark, New Jersey (1998-2001); Fidelity Distributors in Smithfield, Rhode Island (1984-1989); and Fidelity Distributors Corporation (1979-1981). He has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on April 8, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on September 23, 1998; Series 7 (General Securities Representative Examination), which he obtained on October 5, 1998; Series 1 (Registered Representative Examination), which he obtained on August 11, 1979; and Series 24 (General Securities Principal Examination), which he obtained on October 7, 1998. He is a registered broker and investment adviser with 33 US states and territories.

According to his BrokerCheck report, he has received three customer complaints.

In June 2017 a customer alleged John Saunders, while employed at UBS Financial Services, mismanaged the account and provided incorrect and/or faulty information. The complaint settled in August 2017 for more than $36,700.

In 2012 a customer alleged John Saunders, while employed at UBS Financial Services, failed to properly allocate and diversify the accounts. The complaint settled in 2013 for $75,000.

If you or someone you know has complaints regarding John Saunders, call 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: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free