STEPHEN HENRY HAZEL

STEPHEN HENRY HAZEL is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 10801 W. CHARLESTON BLVD, LAS VEGAS, NV, 89135.

STEPHEN HENRY HAZEL has worked at UBS FINANCIAL SERVICES INC. since January 09, 2009

Disclosure History

STEPHEN HENRY HAZEL has 2 Disclosure Event(s).

Date: October 15, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES THAT THE FINANCIAL ADVISOR MADE UNSUITABLE INVESTMENT RECOMMENDATIONS AND FAILED TO DISCLOSE THE RISKS ASSOCIATED WITH HIS INVESTMENTS. DAMAGES UNSPECIFIED.
Broker Comment: LETTER TO CUSTOMER DENYING ALLEGATIONS.

Date: May 14, 2008
Category: Customer Dispute
Allegations: CLIENT ALLEGES MISREPRESENTATION, UNSUITABILITY AND UNAUTHORIZED TRADING CONCERNING AUCTION MARKET SECURITIES. DAMAGES UNSPECIFIED.
Settlement Amount: $775,000.00
Broker Comment: THIS MATTER INVOLVES THE SALE OF AUCTION RATE SECURITIES (ARS). THE TRANSACTION(S) AT ISSUE TOOK PLACE BEFORE MID-FEBRUARY 2008, WHEN THE ARS MARKET SUFFERED WIDESPREAD AUCTION FAILURES AND ILLIQUIDITY. THE FINANCIAL ADVISOR DID NOT CAUSE, CONTRIBUTE OR HAVE ANY CONTROL WHATSOEVER OVER THESE MARKET EVENTS. THE FIRM REACHED AGREEMENT WITH CERTAIN OF ITS REGULATORS, PURSUANT TO WHICH IT REPURCHASED ARS FOR THEIR FULL PAR VALUE FROM CERTAIN CLIENTS, INCLUDING THE INSTANT CLIENT, WHERE THEY COMPLAINED OR NOT. THE FINANCIAL ADVISOR WAS NOT A PARTY TO THAT AGREEMENT, DID NOT MAKE ANY PAYMENT TO THE CLIENT, AND WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE REPURCHASE AMOUNT. THE SETTLEMENT AMOUNT IN ITEM 11 ABOVE REFLECTS THE PAR VALUE OF THE REPURCHASED ARS, AS REQUIRED BY FINRA REGULATORY NOTICE 09-12.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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