MICHAEL HOWARD RADETSKY is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 3455 PEACHTREE RD. NE, ATLANTA, GA, 30326.
MICHAEL HOWARD RADETSKY has worked at UBS FINANCIAL SERVICES INC. since September 30, 2015
MICHAEL HOWARD RADETSKY has 2 Disclosure Event(s).
Date: February 10, 2012 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT SHORT POSITION WAS COVERED WITHOUT CLIENT'S AUTHORIZATION ON JANUARY 23, 2012. Damage Amount Requested: $70,000.00 Broker Comment: AT NO TIME DID I PROCEED WITH A TRANSACTION THAT WASN'T AUTHORIZED BY THE HOLDER OF TRADING AUTHORITY ON THIS ACCOUNT AND WAS IN COMPLIANCE WITH ALL FIRM POLICIES AND PROCEDURES. BRANCH MANAGEMENT HAD ASSIGNED THE ACCOUNT TO ME PENDING ITS TRANSFER TO ANOTHER FIRM. THE MARGIN DEPARTMENT ADVISED ME THAT AN EXISTING UNCOVERED SHORT POSITION IN THIS FOREIGN SECURITY COULD NOT TRANSFER OUT AND EITHER HAD TO BE COVERED OR THE ELECTRONIC TRANSFER HAD TO BE CANCELED. I THEN COVERED THE SHORT POSITION ONLY AFTER SPEAKING WITH AND OBTAINING AUTHORIZATION FROM THE HOLDER OF TRADING AUTHORITY FOR THE ACCOUNT.
Date: September 26, 2003 Category: Customer Dispute Allegations: CLAIMANT ALLEGED THAT FOR THE PERIOD FROM APRIL 1998 THROUGH DECEMBER 2001, THE RR ENGAGED IN UNSUITABLE AND EXCESSIVE TRADING AND BREACHED HIS FIDUCIARY DUTY. THE CLAIM FURTHER ALLEGED THAT BEAR STEARNS FAILED TO SUPERVISE THE RR. Damage Amount Requested: $360,000.00 Damages Granted: $142,000.00 Broker Comment: DULY EXECUTED DURABLE POWERS OF ATTORNEY PLAY AN IMPORTANT ROLE IN GIVING EFFECT TO THE FINANCIAL OBJECTIVES OF MANY INVESTORS, AND THEY ARE INTENDED TO BE RESPECTED BY SECURITIES FIRMS AND BROKERS. NEITHER BEAR STEARNS NOR I SHOULD HAVE BEEN HELD LIABLE FOR RESPECTING THE DURABLE POWER OF ATTORNEY EXECUTED BY THE CUSTOMER IN FAVOR OF HER SON. ACCORDINGLY, WHILE I FULLY ACKNOWLEDGE THE AUTHORITY OF THE PANEL TO RENDER THE AWARD IT DID, I STRONGLY DISAGREED (AND CONTINUE TO DISAGREE) WITH ITS CONCLUSION.
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