WALTER JAMES KEATING is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 75 280 HIGHWAY 111, INDIAN WELLS, CA, 92210.
WALTER JAMES KEATING has worked at UBS FINANCIAL SERVICES INC. since May 04, 1979
WALTER JAMES KEATING has 8 Disclosure Event(s).
Date: May 19, 2017 Category: Financial Type: Bankruptcy
Date: April 25, 2016 Category: Customer Dispute Allegations: The POA alleges suitability, unauthorized trading and a failure to disclose the risk of the investments. Time Frame: September 24, 1992 to February 18, 2016. Broker Comment: The client opened his account in approximately 1987. He has consistently taken significant distribution by check or credit card activity. He also purchased two Limited Partnerships; one being Geodyne Energy, which produced a high level of income and also at maturity a nice capital gain. This caused him to be comfortable with energy investments. He further purchased Boston Qualified Housing, which produced tax credits of a multiple of his investment. At no time did I ever purchase anything or do any transactions without the client's prior approval. When he required high income I always explained high income will also result in additional risk. I have never discussed investments with the client's wife and have no idea how much the client would have shared with her. In reviewing distributions I determined that from 1997 thru 2015, the client took large distributions and had tax credits of a multiple of $25,000. I have no way of finding how much was withdrawn before 1997.
Date: October 30, 2008 Category: Customer Dispute Allegations: TIME FRAME: JUNE 2008 TO PRESENTCLIENT ALLEGES THAT FA TO THE CLIENT THAT THE STRUCTURED PRODUCTS WOULD FIT WELL IN HIS ACCOUNT BECAUSE THE PRINCIPAL WAS 100% PROTECTED AND BACKED BY UBS AND ONLY THE INTEREST WAS NOT PROTECTED IF THE BARRIERS WERE PIERCED. DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000. Damage Amount Requested: $5,000.00 Settlement Amount: $5,353.74
Date: January 10, 2000 Category: Customer Dispute Allegations: CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY, MISREPRESENTATION, UNSUITABILITY AND EXCESSIVE TRADING IN A REIT ON OR AROUND 5/98 AND A LIMITED PARTNERSHIP IN 1993. Damage Amount Requested: $309,160.00 Settlement Amount: $30,000.00
Date: November 24, 1999 Category: Customer Dispute Allegations: CLIENT STATES THAT REAL-ESTATE BACKED SECURITIES THAT WERE PURCHASED FOR HER ACCOUNT BETWEEN DECEMBER 1997 AND DECEMBER 1998 WERE UNSUITABLE FOR HER ACCOUNT, AND THAT THEY PERFORMED POORLY. CLIENT ALLEGES IN A SECOND LETTER THAT FA MISREPRESENTED THE REITS SHE INVESTED IN AND THAT FA FAILED TO DISCLOSE THE RISKS INVOLVED WITH INVESTING IN THOSE INSTRUMENTS. Damage Amount Requested: $156,254.04 Settlement Amount: $49,000.00
Date: May 12, 1999 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE NEGLIGENCE, BREACH OF FIDUCIARY DUTY, FRAUD AND UNSUITABILITY REGARDING THE INVESTMENT OF FOUR COMMON STOCKS FROM 11/95 THROUGH 7/98. Damage Amount Requested: $98,000.00 Settlement Amount: $30,000.00
Date: November 30, 1998 Category: Customer Dispute Allegations: CLIENTS ALLEGE THAT THEIR ACCOUNT WAS NOTMANAGED ACCORDING TO THEIR CLIENT PROFILE, RESULTING IN A LOSSOF $17,000 FROM 6/96-10/98 AT PAINEWEBBER. PRODUCTS INCLUDEMATRIA HEALTHCARE Damage Amount Requested: $17,000.00 Settlement Amount: $9,000.00 Broker Comment: PAINEWEBBER SETTLED THIS MATTER FOR $9,000.NOT PROVIDED
Date: January 01, 1989 Category: Customer Dispute Allegations: CLAIMANT [CUSTOMER] ALLEGED UNAUTHORIZEDTRADING AND UNSUITABILITY AS TO MARGIN AND EQUITIES Damage Amount Requested: $88,622.26 Damages Granted: $2,550.00 Broker Comment: CLIENT FOR $11,700 WALTER KEATING CONTRIBUTING $2250.00 23%
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.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for WALTER JAMES KEATING, click here.
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.
How to choose a broker or investment adviser. Learn More