TIMOTHY W. W O'BRIEN is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 38 EASTWOOD DRIVE, SUITE 400, SOUTH BURLINGTON, VT, 05403.
TIMOTHY W. W O'BRIEN has worked at UBS FINANCIAL SERVICES INC. since March 14, 1990
TIMOTHY W. W O'BRIEN has 2 Disclosure Event(s).
Date: September 08, 2009 Category: Customer Dispute Allegations: CLAIMANT ALLEGES THAT IN CONNECTION WITH THE PURCHASE OF A LEHMAN BROTHERS STRUCTURED NOTE IN APRIL 2007, THE TERMS OF THE INVESTMENT WERE NOT FULLY DISCLOSED. Damage Amount Requested: $250,000.00 Settlement Amount: $147,500.00 Broker Comment: I DENY THE ALLEGATIONS OF THE COMPLAINT. WHILE I RECOGNIZE THAT MY FIRM DECIDED TO SETTLE THE CASE TO MANAGE ITS LITIGATION RISK, THERE WAS NO NEED TO DO SO BASED ON MY CONDUCT. I PROVIDED THE CLIENT WITH THE PROSPECTUS, WHICH HE READ, AS WELL AS OTHER MATERIALS; I DISCUSSED THE INVESTMENT WITH HIM EXHAUSTIVELY; AND I NEITHER MISREPRESENTED NOR OMITTED ANY MATERIAL FACTS RELATED TO THE INVESTMENT.
Date: March 16, 2005 Category: Customer Dispute Allegations: THE CLIENTS ALLEGE THAT FINANCIAL ADVISOR O'BRIEN ERRONEOUSLY TOLD THEM AT THE TIME OF PURCHASE THAT THEIR MULTIPLE AMERICAN SKANDIA VARIABLE ANNUITIES HAD GUARANTEED RETURN OPTION RIDERS. - DAMAGES NOT SPECIFIED BUT ESTIMATED TO EXCEED $5,000. Broker Comment: AS AN ACCOMODATION, THE FIRM OFFERED TO SETTLE WITH THE CLIENT WHICH WAS REJECTED. IT SHOULD ALSO BE NOTED THAT GIVEN MARKET PERFORMANCE THE ANNUITY SUB ACCOUNTS HAD MOVED INTO THE BLACK AND AS A RESULT THE DAMAGES ARE NOW LESS THAN $5,000.
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