Category: Failure to Act in “Best Interest”

Dec 17, 2025

What is a Stockbroker’s “Due Care” Obligation Under Regulation Best Interest (Reg. BI)?

Regulation Best Interest’s Due Care obligation requires brokers to use reasonable diligence, care, and skill when recommending securities, strategies, or account types to retail customers. Unlike the old suitability standard, brokers must weigh risks, rewards, and costs, avoid putting their interests first, and ensure trading is not excessive when transactions are viewed together as well.

Keep Reading
Dec 17, 2025

The Law Offices of Robert Wayne Pearce, P.A. Wins $600,000 Plus Interest Award Against UBS Puerto Rico

The Law Offices of Robert Wayne Pearce, P.A. filed its first claim against UBS Puerto Rico, alleging a retiree was steered into a concentration of Puerto Rico bonds and closed-end “bond funds.” The claim says the advisor described the strategy as safe and “constitutionally protected,” while misrepresenting risks, failing to diversify, and causing substantial damages.

Keep Reading
Dec 17, 2025

Another UBS Puerto Rico Investor Sues Brokerage For Unsuitable Investments

A retired couple alleges a Santander Securities broker persuaded them to invest their $500,000 life savings in Westernbank preferred stock, calling it an “insured investment” and urging them to hold as it collapsed. When Westernbank failed, the FDIC paid stockholders nothing and the couple lost nearly everything. Our firm investigates suitability, fraud, and supervision failures.

Keep Reading
Aug 5, 2020

UBS Financial Services, Inc. Sued for Florida and Ohio Advisor’s Alleged Misconduct Involving a Credit-Line Investment Strategy

UBS Financial Services, Inc. is being sued over alleged misconduct by a financial advisor in its Florida and Ohio offices for recommending an unsuitable credit-line investment strategy to an elderly widow. The complaint alleges breach of fiduciary duty, misrepresentation, unsuitable leverage, and negligent supervision tied to securities-backed lending and resulting losses.

Keep Reading
1 2