WALTER ROBERT HADDAD

WALTER ROBERT HADDAD is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 515 S. FLOWER STREET, SUITE 50, LOS ANGELES, CA, 90071.

WALTER ROBERT HADDAD has worked at UBS FINANCIAL SERVICES INC. since August 21, 1984

Disclosure History

WALTER ROBERT HADDAD has 6 Disclosure Event(s).

Date: February 25, 2016
Category: Customer Dispute
Allegations: Time Frame: 2012-2015Claimant alleges that Mr. Haddad engaged in unsuitable and unauthorized trading resulting in overconcentration in the energy sector. The alleged loss is primarily focused upon a single stock that performed poorly in 2015.
Damage Amount Requested: $404,186.00
Settlement Amount: $300,000.00 16-00426

Date: October 18, 2002
Category: Customer Dispute
Allegations: CLIENT WAS UNHAPPY WITH THE LOSS SUFFERED IN ONE SPECIFIC INVESTMENT. THEY CLAIM THAT THE INVESTMENT MADE UP 100% OF THE WIFE'S IRA ACCOUNT. NO CLAIM FOR DAMAGES
Settlement Amount: $15,000.00

Date: September 18, 1998
Category: Customer Dispute
Allegations: CLIENT COMPLAINED THAT PAINEWEBBER IE FAILEDTO DISCLOSE RISKS OF INVESTING IN NAKED PUTS AND RECOMMENDEDUNSUITABLE INVESTMENTS IN NAKED PUTS FOR LAM RESEARCH, READRITECORP., AND MICRON TECH. ALLEGEDLY OCCURRED AROUND 10/95-3/96.SOUTH DAMAGES IN EXCESS OF $478,000.
Settlement Amount: $150,000.00
Broker Comment: PAINEWEBBER SETTLED IN THE AMOUNT OF $150,000CLIENT IS A WEALTHY AND SOPHISTICATED INVESTORWITH A NET WORTH OF IN EXCESS OF $11 MILLION, WHO CONTINUED TOUTILIZE THE STRATEGY OFOF WRITING PUTS IN THE FACE OF LOSSES.THIS ACCOUNT REPRESENTED A SMALL PORTION OF THE CLIENT'S NETWORTH.

Date: June 04, 1991
Category: Customer Dispute
Allegations: CLIENT ALLEGED MISREPRESENTATION,UNAUTHORIZED AND UNSUITABLE TRADING IN EQUITY OPTIONS, ALLEGINGDAMAGES IN EXCESS OF $400,000.00
Settlement Amount: $260,000.00
Broker Comment: PAINEWEBBER INCORPORATED SHALL PAY, IN FULLSETTLEMENT OF THE ACTION, THE AMOUNT OF $260,000.00 TO AVOIDTHE UNCERTAINTY AND EXPENSE OF LITIGATION.Not Provided

Date: September 07, 1988
Category: Customer Dispute
Allegations: EXPERIENCED OPTION TRADERS SUFFERED LOSSES IN'87 "CRASH" AND SOUGHT DAMAGES ON $1 MILLION.
Damage Amount Requested: $1,000,000.00
Settlement Amount: $237,500.00
Broker Comment: SETTLED WHEREBY PAINEWEBBER WILL PAY CLIENT$237,500.

Date: January 15, 1988
Category: Customer Dispute
Allegations: PAINWEBBER SOUGHT TO RECOVER $77,722.53 ON ACUSTOMER DEBIT, RESULTING FROM THE MARKET FLUCUATION OF OCTOBER1987. CLAIMANT COUNTERCLAIMED FOR $222,595.63 ALLEGINGUNSUITABILITY AND THAT HE WAS MISLEAD AS TO RISKS OF OPTIONTRADING.
Damage Amount Requested: $222,595.63
Settlement Amount: $50,000.00
Broker Comment: SETTLEMENT OF $50,000.00 TO R. PORTER LECORGNE-- CUSTOMER. MR. HADDAD DID NOT CONTRIBUTE TO THE SETTLEMENT.Not Provided

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

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