There are options for clients of UBS Financial Services Inc. broker John Saunders (CRD# 870131) who suffered investment losses. He has been registered with UBS Financial Services Inc. in Roanoke, Virginia, since 2007.
John Saunders Customer Complaints
He has been the subject of six customer complaints between 2009 and 2024, two of which were denied, according to his CRD report. The most recent complaints were regarding:
May 2023. “Time Frame: January 2013 – May 2023 Allegations: Claimant Alleges Unsuitability Regarding Recommendations Made By The FA For Products That Did Not Meet Claimant’s Liquidity Needs.” The Customer is seeking $400,000 in damages, and the case is currently pending.
June 2017. “Time Frame: April 2014 thru May 2017 Client alleges that their account was mismanaged and they were given incorrect/faulty information for over a three years period for which they based major financial decisions.” The case was settled for $36,747.84.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by John Saunders’ customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis
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