UBS Financial Services Incorporated of Puerto Rico (UBS PR)—Failure to Establish and Maintain a Supervisory System and Procedures

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UBS Financial Services Incorporated of Puerto Rico Allegedly Failed to Establish and Maintain a Supervisory System and Procedures UBS Financial Services Incorporated of Puerto Rico allegedly failed to establish and maintain a supervisory system and procedures reasonably designed to ensure the suitability of transactions in CEFs in certain circumstances, according to a recent FINRA Letter… Read more »

Jeffrey Carter Smith Suspended and Fined in Connection with Unauthorized Transactions in Customer Accounts

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Jeffrey Carter Smith, a financial professional formerly registered with UBS Financial Services, Inc., was sanctioned by securities regulators in connection with claims that Smith made hundreds of unauthorized transactions. Smith was suspended from the securities industry for nine months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA). Smith serviced three separate Uniform Gifts… Read more »