DID Michael Meniktas CAUSE YOU INVESTMENT LOSSES?
About Michael Meniktas of UBS Financial Services Inc.?
Michael Meniktas (CRD #3186445) is an established broker currently employed by UBS Financial Services Inc., as a registered broker and investment advisor based in Walnut Creek, California, since February 2008. His registration includes 10 self-regulatory organizations and 17 U.S. states and territories. Meniktas has a significant track record in the financial services industry, beginning his career at Merrill Lynch, Pierce, Fenner & Smith Incorporated from May 1999 until March 2008. His qualifications include passing two general industry/product exams and two multi-state securities law exams, underlining his comprehensive understanding of the securities sector and adherence to regulatory standards.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Michael Meniktas Customer Complaints and Reviews
Michael Meniktas has one reported customer dispute, reflecting a complex aspect of his professional history:
- Total Disclosures: 1 Customer Dispute
- Details:
- Time Frame: Allegations span from 2015 to 2023.
- Allegations: The client alleges that Meniktas recommended an unsuitable investment in a complex life insurance strategy as part of a selling away scheme.
- Product Type: Split-Dollar Life Insurance
- Claimed Damages: $1,036,306.00
- Current Status: The dispute is currently pending arbitration with FINRA, marked by Docket/Case #: 24-01463, with notice served on July 2, 2024.
Allegations Against Michael Meniktas
- The pending customer dispute against Michael J. Meniktas includes the following allegations:
- Nature of Allegations: Unsuitable investment recommendation involving a complex life insurance investment strategy, potentially conducted outside the formal offerings of his affiliated firm (selling away).
- Damages Sought: The client has claimed damages amounting to $1,036,306.00, reflecting significant dissatisfaction and potential financial impact due to the alleged unsuitable advice.
- Arbitration Status: The case is actively under arbitration through FINRA, suggesting ongoing legal proceedings to resolve these claims.
Michael Meniktas Red Flags & Your Rights As An Investor
Of course, Michael Meniktas 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 Michael Meniktas at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Michael Meniktas 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 firms’ 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 Michael Meniktas
If you have questions about UBS Financial Services Inc. and/or Michael Meniktas 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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