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UBS Financial Services: FINRA Claim

UBS Financial Services: FINRA Claim, featured by top securities fraud attorneys, The White Law Group

FINRA Lawsuit filed against UBS involving Unsuitable Investments 

The White Law Group announces the filing of FINRA claim against UBS Financial Services involving unsuitable real estate investment recommendations.

The White Law Group has submitted a FINRA Arbitration claim on behalf of an Ohio resident, alleging violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.  The claim alleges that UBS Financial Services unsuitably invested its client in a real estate investment. The FINRA claim seeks damages in an amount between $500,000 and $1,000,000. 

It is further alleged that the financial advisor that was involved with the accounts at issue is Damian Baird. The claim alleges that Baird failed to perform the necessary due diligence on this investment prior to recommending it to this investor. 

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor. 

According to D. Daxton White, managing partner of The White Law Group, “It is possible that many more investors have suffered devastating losses due to the broker-dealer’s failure to supervise and don’t realize they have recovery options.”

Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.  

FINRA Claims to Recover Financial Losses 

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. ?It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court. 

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.       

Our firm represents investors in all types of securities related claims, including claims involving stock fraud, broker misrepresentation, churning, unsuitable investments, selling away, and unauthorized trading, among many others.        

With over 30 years of securities law experience, The White Law Group knows how to help investors defrauded in securities and investments.

For more information on The White Law Group and the lawsuit filed against UBS Financial Services, please contact the firm at 1-888-637-5510 or visit?https://whitesecuritieslaw.com 

Tags: , Last modified: September 12, 2023