Investor Lawsuit Investigation – Michael Lipschutz
The White Law Group is investigating potential securities claims involving former UBS Financial Services advisor Michael Barry Lipschutz (CRD#: 2824722). According to FINRA BrokerCheck, Lipschutz was previously registered as both a broker and an investment adviser with more than 15 years of industry experience at firms including UBS Financial Services and Morgan Stanley. He is no longer registered with any FINRA member firm.
Customer Complaints Against Michael Lipschutz
Lipschutz’s BrokerCheck report reveals multiple pending customer disputes, all filed in 2024 and 2025, alleging that he improperly invested clients’ assets in highly speculative trading platforms that were not authorized by UBS.
- March 19, 2025 – Pending Dispute: A claimant alleges that Lipschutz invested all of their assets in an unauthorized speculative trading platform, causing heavy losses. Damages requested: $546,000.
- December 17, 2024 – Pending Dispute: Claimants allege improper investments in an unauthorized speculative trading platform outside of UBS. Damages requested: $1,281,000.
- March 14, 2024 – Pending Dispute: Claimants allege the same misconduct, with damages requested totaling $2,066,000.
In total, the pending claims represent nearly $4 million in alleged investor losses.
Employment History
According to FINRA records, Michael Lipschutz was registered with the following firms:
- UBS Financial Services Inc. (CRD#: 8174) – Rochester, NY (2012–2022)
- Morgan Stanley Smith Barney (CRD#: 149777) – Rochester, NY (2009–2012)
- Morgan Stanley & Co. Incorporated (CRD#: 8209) – Rochester, NY (2007–2009)
- Morgan Stanley DW Inc. (CRD#: 7556) – Rochester, NY (2007)
Risks for Investors
The allegations suggest that investors may have been exposed to:
- Unsuitable Investments – Speculative trading platforms are often inappropriate for retail investors, particularly retirees.
- Unauthorized Transactions – Claims indicate that Lipschutz placed client assets into investments not approved by UBS.
- Concentration Risk – Investing all of a client’s assets into a single speculative platform exposes them to extreme losses.
When brokers fail to follow firm policies or industry rules, it can leave investors vulnerable to devastating financial harm.
Recovery Options for Investors
Investors who have suffered losses due to Michael Lipschutz’s recommendations may be able to pursue claims through FINRA arbitration. This process allows investors to bring claims against broker-dealers such as UBS Financial Services for failure to supervise their representatives and protect clients from unsuitable or unauthorized transactions.
Unlike class actions, FINRA arbitration cases are typically pursued individually and may provide a more direct path to recovering damages.
Free Consultation with a Securities Attorney
If you invested with Michael Barry Lipschutz and are concerned about potential investment losses, the securities attorneys at The White Law Group may be able to help.
Call our office at (888) 637-5510 for a free consultation. To learn more about your recovery options, please visit www.whitesecuritieslaw.com.
FAQs
Who is Michael Barry Lipschutz?
He is a former UBS Financial Services broker with over 15 years of industry experience who is no longer registered with any FINRA member firm.
What are the allegations against him?
Multiple customers allege he improperly invested their assets in speculative trading platforms outside of UBS’s approval, causing millions in losses.
Can I recover my investment losses?
Possibly. If your broker engaged in unsuitable or unauthorized trading, you may be entitled to pursue recovery through FINRA arbitration.
