Options trading is a gamble. More specifically, these types of trades bet that the market will change directions according to an investor’s hunch. It’s also a contract to buy or sell a stock at a pre-determined price by a certain date. Options trading allows investors to buy time and observe the market before committing to…

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On July 9, 2019, UBS Financial Services Inc. terminated Ricardo Turlan (CRD#: 4431836). UBS found that he “exercised discretion in two client accounts without written authorization” and that his “trading in other accounts reached levels that could be considered qualitatively unsuitable (ROAs between 3.0 and 9.0 for a twelve month period).” Ricardo Turlan is not…

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Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 16, 2019 indicate that Texas-based UBS Financial Services broker/adviser Richard Niemann has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints…

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Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on January 9, 2019 indicate that former Georgia-based UBS Financial Services broker/adviser William Hobby, who has received numerous customer disputes, was recently terminated from his former employer in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have…

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Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on November 6, 2018 indicate that UBS Financial Services and UBS Financial Services of Puerto Rico have been ordered to pay an award exceeding $19 million to a party of investors as the result of a FINRA arbitration. Fitapelli Kurta is interested…

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Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 26, 2018 indicate that Florida-based UBS Financial Services broker/adviser Jason Stephens has received regulatory sanctions and was discharged from a former employer in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding…

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Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 2, 2018 indicate that UBS Financial Services of Puerto Rico has been ordered to pay an award of $250,000 in a claim involving Puerto Rico municipal bond products. FINRA records indicate that the claim was filed in 2016 by a…

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Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 18, 2018 indicate that Colorado-based UBS Financial Services broker/adviser Dwight West has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. West (CRD# 463778). Dwight West has spent 36 years in the…

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Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 28, 2018 indicate that California-based UBS Financial Services broker/adviser Bhadresh Shah has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Shah (CRD# 1636264). Bhadresh Shah has spent 31 years in the…

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