Erez Law is currently investigating UBS Financial Services Inc. broker James Schwarz (CRD# 416535) regarding investment losses related to high-risk preferred stocks. He has been registered with UBS Financial Services Inc. in Short Hills, New Jersey, since 2013.
James Schwarz Customer Complaints
He has been the subject of four customer complaints between 2003 and 2023, according to his CRD report.
The most recent complaint, which was denied, was regarding allegations that “the portfolio of preferred securities was an unsuitable investment and the strategy was an overconcentration for his client.” Despite the inherent risk to which these securities posed to the investors, it is alleged that the customers were repeatedly advised that the investments were safe.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by James Schwarz’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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