DAVID SHEINHEIT is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 18851 NE 29TH AVENUE, AVENTURA, FL, 33180.
DAVID SHEINHEIT has worked at UBS FINANCIAL SERVICES INC. since March 31, 2011
DAVID SHEINHEIT has 4 Disclosure Event(s).
Date: October 14, 2010 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE, INTER ALIA, THAT FROM 2006 THROUGH 2010 THE FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENTS, AND FAILED TO IMPLEMENT A HEDGING STRATEGY IN THEIR ACCOUNTS AS INSTRUCTED. Damage Amount Requested: $100,000.00 Settlement Amount: $24,900.00 Broker Comment: I HAVE DENIED THE CLAIMS IN THEIR ENTIRETY, AND I WAS NOT NAMED A PARTY IN THIS CASE. THE MATTER WAS SETTLED WITHOUT MY KNOWLEDGE, PARTICIPATION, OR CONSENT. MY FORMER FIRM INDICATED THEY SETTLED FOR BUSINESS PURPOSES (TO AVOID THE COSTS OF CONTINUED LITIGATION), WITH NO ADMISSTION OF LIABILITY BY ME OR THEM. I DID NOT SIGN A SETTLEMENT AGREEMENT; WAS NOT ASKED TO CONTRIBUTE ANYTHING TOWARD THE SETTLEMENT; AND, DID NOT CONTRIBUTE ANYTHING TOWARD THE SETTLEMENT. NOTABLY, THE SETTLEMENT AMOUNT WAS FOR LESS THAN $25,000, AND REPRESENTS LESS THAN A 1/4 OF THE ORIGINAL DEMAND.
Date: April 03, 2006 Category: Customer Dispute Allegations: CLIENT ALLEGED SHE WAS NOT AWARE OF HOW HIGH THE SURRENDER CHARGES & BONUS FORFETITURE WOULD BE ON A 1035 EXCHANGE-JUNE 2004. Damage Amount Requested: $17,413.83 Broker Comment: CLAIM DENIED.
Date: March 04, 1998 Category: Customer Dispute Allegations: PRUDENTIAL SECURITIES WAS SERVED WITH ASTATEMENT OF CLAIM WHERIN THE CLAIMANT ALLEGES UNAURTHOIZEDTRADING, UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS.CLAIMANT ALLEGES DAMAGES IN EXCESS OF $500,0000. Damage Amount Requested: $700,000.00 Broker Comment: Not ProvidedNot Provided
Date: March 03, 1998 Category: Customer Dispute Allegations: CLAIMANT ALLEGED UNAUTHORIZED TRADING, UNSUITABLE RECOMMENDATIONS AND MISREPRESENTATIONS. Damage Amount Requested: $500,000.00 Damages Granted: $140,000.00 Broker Comment: THIS CASE WAS SETTLED BY PSI FOR BUSINESS REASONS WITHOUT MY ADVICE OR CONSENT. ALL ALLEGATIONS ARE FALSE. BROKER CONTRIBUTION WAS ZERO.
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