ubs-carlyle-fundIn April 2015 New York-based former UBS Financial Services broker Stuart Conley was sanctioned by the Financial Industry Regulatory Authority (FINRA). The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Conley.

Stuart Conley has spent 18 years in the securities industry and is currently registered with New York’s National Securities Corporation, a Fidelity Investments company. Mr. Conley has previously been registered with Further Lane Securities (2013-2014), UBS Financial Services (2006-2013), and Oppenheimer & Company (2003-2006). He is registered in 13 US states.

According to his BrokerCheck report, Stuart Conley is the subject of one customer complaint and one regulatory action.

In April 2015, Stuart Conley consented to FINRA sanctions after allegations that he effected discretionary trading without obtaining express written authorization from his customers while employed at UBS Financial Services. According to the allegations, Mr. Conley lacked permission to exercise discretionary trading in the clients’ brokerage accounts. FINRA fined Mr. Conley $5,000.

According to FINRA rules and federal securities law, investors have the ultimate authority over investment decisions in their brokerage accounts. In the event that they want their brokers to make decisions without prior consultation, they must provide discretionary authority in writing. Without express written authorization, brokers must consult with the customer about the pricing, amount or types of securities, or the timing of trades made in their accounts.

If you or someone you know has lost money investing with Stuart Conley, call 877-238-4175 now for a free consultation. You may entitled to recover your losses. All cases are taken on a contingency fee, which means we do not get paid unless and until you recover money. Time to file your claim may be limited, so do not delay. Call 877-238-4175 now to speak to an attorney for free.