Can you recover losses due to recommendations by UBS Financial Services Inc. broker Michael Lipschutz (CRD# 2824722)? He has been registered with UBS Financial Services Inc. in Rochester, New York, from 2012 to 2022.
Michael Lipschutz Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2024. “Time frame: March 2022 to January 2023 Allegation: Claimants allege that retired UBS FA made unsuitable speculative trades in their account.” The case is currently pending. The complaint was regarding S&P and NASDAQ, and it took place while he was registered with UBS Financial Services Inc.
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 Michael Lipschutz’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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