DID RICHARD EDWARD RISTAU CAUSE YOU INVESTMENT LOSSES?
About Richard Ristau Of UBS Financial Services Inc.?
Richard Ristau (CRD #4409998) is currently registered with UBS Financial Services Inc., with his initial registration dating back to August 3, 2001. He is licensed in all 50 U.S. states and territories and is registered with 9 Self-Regulatory Organizations (SROs). Ristau has passed three general industry/product exams, including the Securities Industry Essentials Examination, General Securities Representative Examination (Series 7), and Futures Managed Funds Examination (Series 31). Additionally, he has passed one multi-state securities law exam, the Uniform Combined State Law Examination (Series 66).
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Richard Ristau Customer Complaints and Reviews
- Customer Dispute (1 Incident)
- Filed: A customer dispute was filed on August 6, 2015, alleging that Ristau did not follow the client’s instructions on how to invest their account within a specific time frame (May 14, 2015, to August 6, 2015).
- Outcome: The dispute was settled on December 23, 2015, for $7,130, with no contribution from Ristau. The client’s allegations centered around mismanagement of a discretionary managed wrap account, leading to the investment of the entire amount at once instead of over several months as intended.
Allegations Against Richard Ristau
- Allegations in Customer Dispute:
- Investment Management Error: The client alleged that Ristau failed to follow their instructions on the incremental investment of funds in a managed wrap account. Ristau admitted to the error, stating that he inadvertently invested the entire amount at once and later identified and reported this mistake to both the client and UBS management.
Richard Ristau Red Flags & Your Rights As An Investor
Of course, Richard Ristau did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Richard Ristau at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Richard Ristau has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At UBS Financial Services Inc. Due To Richard Ristau
If you have questions about UBS Financial Services Inc. and/or Richard Ristau and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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