Articles Tagged with UBS Financial Services

Mark ZaharskiPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on September 26, 2018 indicate that Illinois-based UBS Financial Services broker/adviser Mark Zaharski is involved in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Zaharski (CRD# 1345372).

Mark Zaharski has spent thirty-three years in the securities industry and has been registered with UBS Financial Services in Chicago, Illinois since 1990. He was previously registered with Shearson Lehman Hutton in New York, New York (1985-1990). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 13, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 25, 1985; Series 3 (National Commodity Futures Examination), which he obtained on April 22, 1985; Series 7 (General Securities Representative Examination), which he obtained on March 16, 1985; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on December 16, 1992. He is a registered broker and investment adviser with 39 US states and territories and with nine self-regulatory organizations (SROs): BOX Exchange LLC, Cboe Exchange Inc., FINRA, NYSE American LLC, NYSE Arca Inc., Nasdaq ISE LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to his BrokerCheck report, he has received one pending customer complaint.

UBS Financial Services

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 6, 2018 indicate that a group of investors have won an award of $300,000 in an arbitration claim against UBS Financial Services concerning investments in Puerto Rico closed-end funds.

According to the award document, the investors filed a claim in 2015 alleging that UBS Financial Services breached its fiduciary duty, acted negligently, was negligent in its supervisory duties, breached contract, committed fraud, violated the Puerto Rico Uniform Securities Act, and violated the Securities Exchange Act in connection to investments in “Puerto Rico closed-end funds invested predominantly in Puerto Rico debt.”

For reference, the US territory of Puerto Rico recently filed for bankruptcy-like protections to address a debt crisis affecting more than $120 million in municipal bonds and unfunded pensions. As the debt crisis has negatively affected the value of many investments in Puerto Rico municipal bonds and closed-end funds, investors are increasingly seeking to recover losses for what may have been unsuitable or negligently supervised investments. An “unsuitable” investment is one considered inappropriate for the investor’s profile, a set of considerations including their net worth, income, investment experience, investment goals, and more. Relatedly, the term “fiduciary duty” refers to a broker, adviser, or firm’s obligation to act only in their customer’s best interests. Thus, for instance, the recommendation of unsuitable investments might constitute a breach of fiduciary duty.

Michael KempPublic records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 23, 2018 indicate that Virginia-based UBS Financial Services broker/adviser Michael Kemp has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Kemp (CRD# 2409599).

Michael Kemp has spent 24 years in the securities industry and has been registered with UBS Financial Services in Roanoke, Virginia since 2012. Previous registrations include Morgan Stanley Smith Barney in Roanoke, Virginia (2009-2012); Citigroup Global Markets in Roanoke, Virginia (2001-2009); and UBS Painewebber in Weehawken, New Jersey (1993-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 28, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 21, 1994; Series 31 (Futures Managed Funds Examination), which he obtained on December 16, 2002; and Series 7 (General Securities Representative Examination), which he obtained on December 21, 1993. He is a registered broker and investment adviser with 32 US states and territories.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint and one denied customer complaint.

Alex Herrera

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former Florida-based UBS Financial Services broker/adviser Alex Herrera has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Herrera (CRD# 3204779).

Alex Herrera has spent 18 years in the securities industry and was most recently registered with UBS Financial Services in Coral Gables, Florida (2012-2018). Previous registrations include HSBC Securities in Coral Gables, Florida (2006-2012); Atlas One Financial Group in Miami, Florida (2005-2006); Citicorp Investment Services in Long Island City, New York (2002-2005); and MML Investors Services in Springfield, Massachusetts (1999-2002). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 29, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 3, 2003; Series 7 (General Securities Representative Examination), which he obtained on February 4, 2002; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 21, 1999. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two regulatory sanctions and one pending customer complaint.

John GreenePublic records published by the Financial Industry Regulatory Authority (FINRA) on July 17, 2018 indicate that Washington-based UBS Financial Services broker/adviser John Greene has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Greene (CRD# 1871171).

John Greene has spent 27 years in the securities industry and has been registered with UBS Financial Services in Bellevue, Washington since 2014. Previous registrations include Merrill Lynch in Bellevue, Washington (2009-2014); Banc of America Investment Services in Bellevue, Washington (2006-2009); Wells Fargo Investments in Bellevue, Washington (2001-2006); Wells Fargo Securities in San Francisco, California (1997-2001); Essex National Securities in Napa, California (1993-1995); and Merrill Lynch in New York, New York (1988-1993). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 1, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 4, 1988; Series 7 (General Securities Representative Examination), which he obtained on October 15, 1988. He is a registered broker and investment adviser with 18 US states and territories: Arizona, California, Colorado, Delaware, Florida, Georgia, Illinois, Michigan, Montana, Nevada, New Jersey, New Mexico, New York, Oregon, South Carolina, Texas, Utah, and Washington.

According to his BrokerCheck report, he has received one customer complaint and one pending customer complaint.

Russell CappelenPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 23, 2018 indicate that Florida-based UBS Financial Services broker/adviser Russell Cappelen has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cappelen (CRD# 1261781).

Russell Cappelen has spent 34 years in the securities industry and has been registered with UBS Financial Services in Vero Beach, Florida 1999. Previous registrations include New York, New York (1988-1999) and Merrill Lynch (1984-1988). He has received five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 13, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 6, 1984; Series 3 (National Commodity Futures Examination), which he obtained on January 5, 1990; Series 7 (General Securities Representative Examination), which he obtained on May 19, 1984; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on July 25, 1994. He is a registered broker and investment adviser with 21 US states and territories: Alabama, California, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Vermont, and Virginia.

According to his BrokerCheck report, he has four customer complaints and one pending customer complaint.

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.

Edward Ashbaugh

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 1, 2018 indicate that Texas-based UBS Financial Services broker/adviser Edward Ashbaugh has received several customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ashbaugh (CRD# 2213744).

Edward Ashbaugh has spent 26 years in the securities industry and has been registered with UBS Financial Services in Houston, Texas since 2008. Previous registrations include Morgan Stanley & Company in Houston, Texas (2007-2008) and Morgan Stanley DW in Houston, Texas (1992-2007). He has passed two securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on March 26, 1992, and Series 7 (General Securities Representative Examination), which he obtained on March 20, 1992. He is a registered broker and investment adviser with with eight US states: Florida, Georgia, Montana, North Carolina, Oregon, South Carolina, Tennessee, and Texas. He is registered with nine self-regulatory organizations (SROs): BOX Options Exchange, CBOE Exchange, FINRA, NSYE American, NYSE Arca, Nasdaq ISE, Nasdaq PHLX, the Nasdaq Stock Market, and the New York Stock Exchange.

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

Helen Andreoli Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on April 9, 2018 indicate that Maine-based UBS Financial Services broker/adviser Helen Andreoli is involved in a pending customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Ms. Andreoli (CRD# 4211137).

Helen Andreoli has spent 17 years in the securities industry and has been registered with UBS Financial Services in Portland, Maine since 2011. Previous registrations include Merrill Lynch in Portland, Maine (2006-2011) and Morgan Stanley DW in Purchase, New York (2000-2006). She has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which she obtained on July 21, 2000; Series 7 (General Securities Representative Examination), which she obtained on August 3, 2000; Series 31 (Futures Managed Funds Examination), which she obtained on July 25, 2000; Series 10 (General Securities Sales Supervisor – General Module Examination), which she obtained on June 16, 2003; and Series 9 (General Securities Sales Supervisor – Options Module Examination), which she obtained on June 16, 2003 . She is a registered broker and investment adviser with 26 US states and territories and with nine self-regulatory organizations (SROs): BOX Options Exchange LLC, Cboe Exchange, FINRA, NYSE American LLC, NYSE Arca Inc., Nasdaq ISE LLC, Nasdaq PHLX LLC, the Nasdaq Stock Market, and the New York Stock Exchange.

According to her BrokerCheck report, she has received one pending customer complaint.

Lawrence FannPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on February 8, 2018 indicate that Arizona-based UBS Financial Services broker/adviser Lawrence Fann has received resolved or pending customer disputes. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Fann (CRD# 2199482).

Lawrence Fann has spent 26 years in the securities industry and has been registered with UBS Financial Services in Phoenix, Arizona since 2016. Previous registrations include RBC Capital Markets in Phoenix, Arizona (1999-2016); Piper Jaffray in Minneapolis, Minnesota (1994-1999); and Prudential Securities in New York, New York (1992-1994). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 1, 1993; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 7, 1992; Series 31 (Futures Managed Funds Examination), which he obtained on April 10, 2009; and Series 7 (General Securities Representative Examination), which he obtained on January 10, 1992. He is a registered broker and investment adviser with 20 US states and territories: Alaska, Arizona, California, Colorado, Connecticut, the District of Columbia, Florida, Illinois, Maryland, Michigan, Missouri, Nevada, New Mexico, New York, Ohio, Oregon, Tennessee, Texas, Virginia, and West Virginia.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and two denied customer complaints.