National investment loss lawyers KlaymanToskes is investigating broker Kenneth Goldhoff (CRD# 1186205) of UBS Financial Services Inc.
According to FINRA BrokerCheck, broker Kenneth Goldhoff, of UBS Financial Services Inc. is currently facing a customer complaint alleging $3,233,690 in damages. The complaint alleges that investments made in municipal bonds were more appropriate for individuals in a high tax bracket and not the investor, who was in a low tax bracket and that the bonds were likely not suitable nor in her best interest.
Investors that suffered losses with broker Kenneth Goldhoff 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 Kenneth Goldhoff is currently involved in a customer complaint alleging $3,233,690 in investor damages. The customer alleges that investments made in municipal bonds were more appropriate for individuals in a high tax bracket and not the customer who is in a low tax bracket, and that the bonds recommended were likely not suitable nor in her best interest. The complaint further alleges that transactions were allowed in the client’s Trust assets without proper authorization.
The broker’s comment listed on the disclosure states: “I categorically deny the allegations as they are false and without merit. All matters regarding the client’s accounts were documented based on the client’s approval. I did not make, nor did I allow any unauthorized disbursements to be taken from the accounts without the client’s explicit instructions. Matters dealing with the Trust account were approved by Legal before acting up on them. As far as the allegations relating to the Municipal Funds account, those investments were managed by an Outside Money Manager. I did not have any say or authority over the makeup of the account. I do know that I did explain the account to the client and, in fact, lowered the clients risk profile by changing to an intermediate term bond account as opposed to long-term bond funds. I only proceeded with opening the account once she (the client) approved. These allegations are nothing more than a way to try and gain leverage in a family dispute over inheritance which has now drawn me into their quarrels. I will defend myself and my professional integrity to the fullest and I will seek to have this matter expunged from my record based on the baseless claims that are being alleged against me.”
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 Kenneth Goldhoff, 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.