Tr?id=566623520170033&ev=PageView&noscript=1

Top-Ranked UBS Advisor in Las Vegas Wins Expungement With Help From Client

Posted on May 1st, 2023 at 1:29 PM
Top-Ranked UBS Advisor in Las Vegas Wins Expungement With Help From Client

From the desk of Jim Eccleston at Eccleston Law 

A top-ranked Las Vegas-based UBS financial advisor has prevailed in his expungement hearing with the help of the customer who initially had filed the complaint. 

A sole Financial Industry Regulatory Authority (FINRA) arbitrator granted the advisor expungement of a dispute that was settled in June 2020 after determining that the disclosure was “misleading” and the fault of a sales assistant, according to the award. The client had alleged that Keller sold the wrong position in December 2020, “as the instructions were to sell the client’s mutual fund but [Slack Technologies Inc.] (WORK) was sold instead.” The parties settled for $8,149, according to BrokerCheck.

However, the arbitrator determined that the advisor had properly relayed and subsequently repeated the instructions for clarity to a sales assistant, who then incorrectly sold stock rather than mutual fund holdings. The trade was reversed, and the client was reimbursed after the error was discovered. The client, who remains one of the advisor’s customers, sent an email message voicing his support of the expungement, according to the award.

 

Eccleston Law LLC represents financial advisors and investors nationwide in securities, employment, transition, regulatory and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I want to thank you for your excellent professional representation. It was greatly appreciated.

Michael M.

LATEST NEWS AND ARTICLES

1779464913 Law
May 22, 2026
Blue Owl Caps Redemptions as Investors Seek Billions in Withdrawals from Private Credit Funds

Blue Owl Capital faced a sharp rise in redemption requests during the first quarter as investors attempted to withdraw approximately $5.4 billion from two of the firm's largest private credit funds, according to reporting by the Wall Street Journal.

L
May 21, 2026
Edward Jones Faces Federal Privacy Lawsuits Over Alleged Data Sharing With Tech Companies

Edward Jones is facing multiple lawsuits alleging that the firm improperly shared clients' personal and financial information with third-party technology companies for targeted advertising purposes, according to reporting by Financial Planning.

1779287606 Law
May 20, 2026
FINRA Sanctions Ameriprise for Supervisory Failures in Variable Annuity Exchanges

The Financial Industry Regulatory Authority (FINRA) has fined Ameriprise Financial Services and ordered restitution to resolve allegations that the firm failed to adequately supervise certain variable annuity exchange recommendations.