Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on April 2, 2018 indicate that Michigan-based UBS Financial Services broker/adviser John Maccoll (CRD# 839441) was terminated by UBS after “faling to cooperate into the firm’s investigation that he misappropriated money from a client.” According to documents received from FINRA, Mr. Maccoll also allegedly “informed the firm that he misappropriated funds from 13 clients.”
John Maccoll, in addition to his recent issues, has been the subject of several customer complaints in the past. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Maccoll.
John Maccoll has spent 39 years in the securities industry and has been registered with UBS Financial Services in Birmingham, Michigan since 2006. Previous registrations include Morgan Stanley DW in Purchase, New York; EF Hutton & Company; Loeb Partners; and Hornblower Weeks Noyes & Trask. He is a registered broker and investment adviser with fourteen US states and territories: Arizona, California, Colorado, Florida, Georgia, Illinois, Michigan, Missouri, New Jersey, New Mexico, North Carolina, Tennessee, Vermont, and Wisconsin.
According to his BrokerCheck report, John Maccoll has received five customer complaints.
In 2013 a customer alleged John Maccoll, while employed at UBS Financial Services, provided unsuitable advice. The complaint settled in March 2015 for $42,500.
In 2008 a customer alleged John Maccoll, while employed at UBS Financial Services, failed to execute transaction as requested, resulting in damages. The complaint settled in 2009 for $2,500.
In 2008 a customer alleged John Maccoll, while employed at Morgan Stanley, misrepresented variable annuity purchases. The complaint settled in 2011 for $45,000.
In 1996 a customer alleged John Maccoll, while employed at Dean Witter Reynolds, committed fraud and breached his fiduciary duty. The complaint settled in 1997 for $49,000.
In 1990 a customer alleged John Maccoll, while employed at Morgan Stanley, executed unauthorized trades, committed forgery, and made unsuitable recommendations. The complaint settled in 1991 for $70,000.
If you or someone you know has complaints regarding John Maccoll, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on contingency: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.