Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on February 13, 2017 indicate that New Jersey-based UBS Financial Services broker Keith Karstadt has been the subject of resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Karstadt (CRD# 862856).
Keith Karstadt has spent 37 years in the securities industry and has been registered with UBS Financial Services in Red Bank, New Jersey since 2000. Previous registrations include Prudential Securities in New York, New York; Dean Witter Reynolds in Purchase, New York; Shearson Lehman Hutton; EF Hutton & Company; Shearson/American Express; and Merrill Lynch. He is a registered broker and investment adviser with 25 US states and territories.
According to his BrokerCheck report, Keith Karstadt has received two customer complaints and two pending customer complaints.
In 2016 a customer alleged Keith Karstadt, while employed at UBS Financial Services, recommended unsuitable municipal bond investments. The customer is seeking unspecified damages in the pending complaint.
In 2016 a customer alleged Keith Karstadt, while employed at UBS Financial Services, invested her account in unsuitable products and improperly allocated assets. The customer is seeking $5,000,000 in damages in the pending complaint.
In 2008 a customer filed a complaint against he, while he was employed at UBS Financial Services, in connection to the sale of an auction rate security prior to the breakdown of liquidity in the market for auction rate securities. UBS agreed to repurchase the securities at par value, for $1,325,000.
In 2006 a customer alleged he, while employed at Prudential Securities, incorrectly stated the annual percentage growth factor of annuities purchased in 1999. The complaint settled for $3,500.
If you have lost money investing with Keith Karstadt, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.