SUSAN MARIE BAILEY is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 4800 NORTH SCOTTSDALE ROAD, SUITE 4500, SCOTTSDALE, AZ, 85251.
SUSAN MARIE BAILEY has worked at UBS FINANCIAL SERVICES INC. since April 20, 1989
SUSAN MARIE BAILEY has 2 Disclosure Event(s).
Date: March 31, 2008 Category: Customer Dispute Allegations: THE COMPLAINT AROSE OUT OF THE SALE OF AN AUCTION RATE SECURITY (ARS) THAT WAS MADE PRIOR TO THE WIDESPREAD ILLIQUIDITY IN THE ARS MARKET THAT OCCURRED IN FEBRUARY 2008. Settlement Amount: $50,000.00 Broker Comment: THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES ("ARS"). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT'S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED "SETTLEMENT AMOUNT" REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.
Date: March 06, 2003 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT BROKER FAILED TO ACCURATELY FOLLOW INSTRUCTIONS."tTIME PERIOD: 12/02 - 1/03 Damage Amount Requested: $25,000.00 Settlement Amount: $1,168.86 Broker Comment: I RESPONDED TO THE CLIENT'S REQUEST FOR ACTION IN AN EXPEDITIOUS MANNER. THIS TRANSPIRED OVER THE CHRISTMAS HOLIDAY AND I WAS NOT KEEPING REGULAR OFFICE HOURS. THE CLIENT EXPRESSED THAT THE TRANSACTION MOVE AHEAD AND BE EXECUTED BY DECEMBER 31ST, YEAR-END. IN AN ATTEMPT TO CONTROL COSTS FOR MY CLIENT (AND IN AN EFFORT TO EXECUTE WITHIN CLIENT'S PRESCRIBED TIMELINE), THE POSITIONS WERE LIQUIDATED UNDER THE WRAP FEE STRUCTURE, THEREBY ELIMINATING TRANSACTION FEES ASSOCIATED WITH SELLING SEVENTY PLUS ODD LOT POSITIONS UNDER THE NEW ACCOUNT RELATIONSHIP.
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