UBS Financial Services Inc. Broker Michael Vassalotti Investment Loss Options

UBS Financial Services Inc.

UBS Financial Services Inc. broker Michael Vassalotti (CRD# 1461475) was accused of misrepresentations related to insurance losses. He has been registered with UBS Financial Services Inc. in West Palm Beach, Florida, since 2012. 

Michael Vassalotti Customer Complaints

He has been the subject of four customer complaints between 2005 and 2023, according to his CRD report. The most recent complaint was regarding: 

February 2023. “Time Frame: October 30th, 1998 to August 1st, 2022 What were the allegations against the individual? Counsel alleges that his client was recommended an unsuitable investment strategy in which material misrepresentations were made. Counsel further alleges the strategy was not purchased in the client’s best interest.” The customer sought $974,094.12 in damages, and the case was settled for $1,150,000. The complaint was regarding insurance losses, and it took place while he was registered with UBS Financial Services Inc.

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 Michael Vassalotti’s 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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.