Can you recover investment losses due to recommendations by UBS Financial Services Inc. broker Thomas Jenkins (CRD# 2562513)? He has been registered with UBS Financial Services Inc. in Houston, Texas, since 2010.
Thomas Jenkins Customer Complaints
He has been the subject of three customer complaints between 2001 and 2024, one of which was denied and one was closed without action, according to his CRD report:
July 2024. “Time frame: 2022-2023 Claimants allege negligence and breach of fiduciary duty by the purported failure of the advisor to timely follow Claimant’s instructions to timely transfer Claimants’ assets to certain trusts, allegedly resulting in tax liabilities.” The customer is seeking $1,000,000 in damages, and the case is currently pending. The complaint was regarding fixed income and equities, 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 Thomas Jenkins’ 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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