National investment loss lawyers KlaymanToskes is investigating broker Nicholas Ruch (CRD# 6502251) of UBS Financial Services Inc.
According to FINRA BrokerCheck, broker Nicholas Ruch, of UBS Financial Services Inc. is currently facing a customer complaint alleging $3,233,690 in damages. The complaint alleges failure to identify and escalate red flag issues associated with financial exploitation and trades in the account that were not in the best interest of the customer.
Investors that suffered losses with broker Nicholas Ruch are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
UBS financial advisor Nicholas Ruch is currently involved in a customer complaint alleging $3,233,690 in investor damages. The customer alleges that their financial team failed to identify and escalate red flag issues associated with financial exploitation and made trades in the account that were not in the best interest of the investor.
The broker’s comment listed on the disclosure states: “I categorically deny these allegations and believe them to be false. I never had any dealings with the claimant in this matter. All the client’s accounts were handled by another FA and neither I nor my team ever gave any investment advice, made recommendations, nor took any instructions from either the client nor the Claimant. In fact, I never had any conversations or associations of any kind with the deceased client nor her daughter who had POA. This is a family issue over inheritance, and I am being brought into a situation I was not a party to. The allegations alleged against me are factually inaccurate as I was not involved in this relationship nor was I the FA of record at any time the account was associated with UBS. I intend to defend myself to the fullest in all respects in association with these baseless allegations.”
As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Nicholas Ruch, or have concerns regarding your investment portfolio at UBS Financial Services Inc., or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.