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

Fantastic news!!!!  Your professionalism, support and expertise were greatly appreciated.  You made a difficult situation much more bearable.

Marci M.

LATEST NEWS AND ARTICLES

November 7, 2025
FINRA Suspends Former Wells Fargo Broker Over Unapproved Real Estate Venture

The Financial Industry Regulatory Authority (FINRA) suspended former Wells Fargo broker George J. Cairnes for four months and fined him $25,000 for engaging in unapproved real estate outside business activity, according to a settlement letter issued.

November 6, 2025
Former Ameriprise Broker Ordered to Pay $2.2 Million for Elder Exploitation

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Eric A. Dupre to pay nearly $2.2 million in damages to his former firm and two customers following allegations of theft and elder exploitation.

November 5, 2025
Former Wells Fargo Representative Suspended for Unauthorized Texting and Obstruction

The Financial Industry Regulatory Authority (FINRA) has suspended former Wells Fargo representative Eyan M. Townsend for one year and fined him $10,000 for using personal text messages to conduct business and attempting to obstruct an internal investigation by deleting those communications.