DID RUSE BROWN CAUSE YOU INVESTMENT LOSSES?
About Ruse Brown Of UBS Financial Services Inc.?
Ruse Brown (CRD #5616413) has a substantial background in the securities industry, mainly through UBS Financial Services Inc. in Wichita, Kansas, where he has been registered since January 23, 2009. His professional credentials include passing two general industry/product exams (Securities Industry Essentials Examination and General Securities Representative Examination) and one multi-state securities law exam (Uniform Combined State Law Examination). He is registered with 10 Self-Regulatory Organizations (SROs) and holds licenses across 35 U.S. states and territories. Notably, there is no record of Ruse having passed any principal or supervisory exams, nor does he hold any professional designations.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Ruse Brown Customer Complaints and Reviews
- Customer Dispute (1 Incident):
- Date & Outcome: The dispute was settled on August 13, 2021, without Ruse Brown contributing any monetary compensation.
- Details: During 2017-2018, a claimant’s counsel alleged that Ruse Brown’s investment recommendations in bonds were unsuitable, involved misrepresentation, and were negligent, which led to alleged damages of $250,000. This matter, filed under FINRA Arbitration (Docket #20-01024), was settled for $200,000. Ruse Brown denies all allegations, stating there was no misrepresentation or negligence on his part, and emphasizes that the settlement was reached to avoid arbitration costs without admitting any wrongdoing.
Allegations Against Ruse Brown
- Allegations in Customer Dispute:
- Nature of Allegations: Unsuitability, misrepresentation, and negligence in bond investment recommendations.
- Product Type: Fixed income (bonds).
- Resolution: Settled with no contribution from Ruse Brown; he strongly denies the allegations, attributing the settlement to the desire to avoid the costs and uncertainties of arbitration rather than an admission of any fault.
Ruse Brown Red Flags & Your Rights As An Investor
Of course, Ruse Brown 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 Ruse Brown at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Ruse Brownhas 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’ssupervisory 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 Ruse Brown
If you have questions about UBS Financial Services Inc. and/or Ruse Brown 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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