ALI M FAHR is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 55 WILLIAM STREET, WELLESLEY, MA, 02481.
ALI M FAHR has worked at UBS FINANCIAL SERVICES INC. since June 25, 1986
Disclosure History
ALI M FAHR has 4 Disclosure Event(s).
Date: October 04, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGES HE WAS TOLD THAT HE WOULD BE ABLE TO PARTICIPATE IN IPO'S IF HE IMPROVED HIS RATIO OF NON-SYNDICATE TO SYNDICATE COMMISSIONS. HE FURTHER CLAIMS TO HAVE MADE TRADES IN A NON-SYNDICATE ACCOUNT "GENERATING COMMISSIONS" BASED ON THIS REPRESENTATION. CLIENT FURTHER ALLEGES THAT THE "QUID PRO QUO," WHICH WAS "REPRESENTED BY YOUR FIRM AND THE FINANCIAL ADVISOR" WAS "NOT HONORED." TIME FRAME: 2005 TO PRESENT. Damage Amount Requested: $7,500.00
Date: June 27, 2003 Category: Customer Dispute Allegations: CLIENTS ALLEGED THAT FINANCIAL ADVISOR CONVERTED RMA ACCOUNT TO INSIGHTONE ACCOUNT WITHOUT THE CLIENT'S AUTHORIZATION. CLIENTS ALSO ALLEGED THAT THE INSIGHTONE PROGRAM WAS NOT SUITABLE GIVEN THEIR TRADING ACTIVITY. DAMAGES ESTIMATED TO EXCEED $5000. TIME PERIOD: OCTOBER 2000 – JUNE 2003. Settlement Amount: $23,335.75
Date: July 01, 1997 Category: Customer Dispute Allegations: VIOLATION OF NYSE AND NASD RULES; BREACH OFFIDUCIARY DUTY; BREACH OF CONTRACT; MISREPRESENTATION;CHURNING; UNSUITABLE RECOMMENDATIONS. ALLEGED: $500,000. Damage Amount Requested: $500,000.00 Settlement Amount: $57,500.00 Broker Comment: THE MATTER WAS SETTLED WITH PAINEWEBBER PAYINGTHE CLAIMANTS $57,500 AND RECEIVING A COMPLETE RELEASE.THE ACCOUNT WAS HIGHLY PROFITABLE AND I CONTINUETO ASSERT THAT CLAIMANTS CLAIM IS WITHOUT ANY MERIT WHATSOEVER. ONE OF THE MAIN REASONS FOR SETTLING THIS CASE BY PAINEWEBBERWAS THE EXISTANCE OF A NEGATIVE ENVIRONMENT AGAINST THE LIMITEDPARTNERSHIP INVESTMENTS THAT [CUSTOMERS] HAD INVESTED IN.
Date: August 25, 1994 Category: Customer Dispute Allegations: [CUSTOMER] AND [CUSTOMER] ALLEGED THAT MR. FAKHRCHURNED THEIR ACCOUNT AND MADE UNAUTHORIZED AND UNSUITABLEINVESTMENTSD IN THEIR ACCOUNT. Damage Amount Requested: $41,350.00 Settlement Amount: $27,500.00 Broker Comment: SETTLEMENT IN THE AMOUNT OF $27,500MR. FAKHR DENIES THAT THE TRADES IN QUESTIONSWERE UNAUTHORIZED OR UNSUITABLE AND THAT THE ACCOUNT WASCHURNED. MR. FAKHR WAS NOT ASKED TO CONTRUIBUTE TO THESETTLEMENT. THE MATTER WAS SETTLED TO AVOID THE COST OFLITIGATION.
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