THOMAS L LAWRENCE HUBER

THOMAS L LAWRENCE HUBER is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 400 LINDEN OAKS, ROCHESTER, NY, 14625.

THOMAS L LAWRENCE HUBER has worked at UBS FINANCIAL SERVICES INC. since February 23, 2009

Disclosure History

THOMAS L LAWRENCE HUBER has 3 Disclosure Event(s).

Date: August 19, 2009
Category: Customer Dispute
Allegations: CLIENT CLAIMS FINANCIAL ADVISOR ALLEGEDLY FAILED TO FOLLOW INSTRUCTIONS TO LIQUIDATE ACCOUNT HOLDINGS BETWEEN SEPTEMBER 2008 AND FEBRUARY 2009.
Settlement Amount: $14,500.00
Broker Comment: AS PART OF THIS INVESTIGATION, IT WAS DOCUMENTED THAT I KEEP COPIOUS NOTES OF ALL MY CLIENT CONVERSATIONS, INCLUDING THOSE I HAD WITH THIS CLIENT. IN ADDITION, THE CLIENTS CLAIM OF "FAILURE TO FOLLOW HIS INSTRUCTIONS" CAME A FULL SIX MONTHS AFTER THE TIME IN QUESTION, AS WELL AS SIX MONTHS AFTER I RESIGNED FROM MORGAN STANLEY TO TRANSITION MY BUSINESS TO UBS FINANCIAL SERVICES. I BELIEVE IT IS A COMBINATION OF THESE EVENTS THAT LED FINRA TO REVIEW THE COMPLAINT AND DEEM THAT IT HAD NO MERIT. MORGAN STANLEY PREVIOUSLY DENIED THE CLAIM ON OCTOBER 16, 2009, YET SUBSEQUENTLY SETTLED WITH THE CLIENT WITH NEITHER MY PARTICIPATION IN THE SETTLEMENT NOR MY AGREEMENT TO SETTLE.

Date: October 30, 1998
Category: Customer Dispute
Allegations: THE CLIENT ALLEGES "I BELIEVE THATINVESTMENTS WERE MADE, HOWEVER INADVERTENTLY, THAT WEREUNSUITABLE FOR ME." THE CLIENT SPECIFICALLY REFERS TO HIS RBASSET SHARES AND PHOENIX CONVERTIBLE BONDS. DAMAGES ALLEGED AREIN EXCESS OF $5,000.
Broker Comment: PRUDENTIAL SECURITIES DENIED THE CLAIMALL TRADES WERE AUTHORIZED PRIOR TO EXECUTION. INADDITION, THE CLIENT'S INVESTMENTS WERE SUITABLE AND WERE INLINE WITH HIS RISK TOLERANCE.

Date: January 23, 1991
Category: Customer Dispute
Allegations: CLAIMANT ALLEGED THAT PRUDENTIAL-ENERGY FUNDPROSPECTUS WAS INCORRECT AND THAT POOR MANAGEMENT RESULTED INLOSS OF $22,000.00
Damage Amount Requested: $22,000.00
Settlement Amount: $22,000.00
Broker Comment: SETTLED FOR $22,000.00THE NATURE OF THIS COMPLAINT WAS PRODUCT RELATEDONLY, AND WAS SETTLED BY THE FIRM FOR BUSINESS PURPOSES ONLY.I, AS THE FINANCIAL ADVISOR, WAS NOT INVOLVED IN THESETTLEMENT; BEING A PRODUCT RELATED COMPLAINT, THERE WASNEITHER LIABILITY NOR GUILT COMPLAINT, THERE WAS NEITHERLIABILITY NOR GUILT ATTRIBUTED TO ME. THE RECORD SHOWS THATTHE SAME COMPLAINT WAS DISMISSED EARLIER BY THE NASD AS THEYDEEMED "NO ACTION WAS WARRANTED."

More Information

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