There are options for clients of UBS Financial Services Inc. broker Ricardo Villar (CRD# 4497494) who suffered investment losses. He has been registered with UBS Financial Services Inc. in Coral Gables, Florida since 2010.
Ricardo Villar Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
July 2022. “Time frame: 2021 Claimant, acting as representative of the customer’s estate, alleges that following the death of the customer, UBS improperly transferred the account’s assets to an unauthorized party and further states that UBS did not act in the best interest of the client.” The customer is seeking $1,200,000 in damages and the case is currently pending.
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 Ricardo Villar’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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