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UBS Stock Broker Sanctioned for Altering Customer Documents

UBS Stock Broker Sanctioned for Altering Customer Documents

UBS Stock Broker Sanctioned for Altering Customer Documents 150 150 Rex Securities Law

October 15, 2015

Qui Hong Lam , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she falsified documents related to customer accounts, by altering already-signed documents without the customers’ knowledge or consent in violation of FINRA Rules.

On June 9, 2014, UBS Financial, her employing firm, terminated her association with UBS and made the following disclosure:

“THE FIRM LOST CONFIDENCE IN HER ABILITIES TO PERFORM THE RESPONSIBILITIES OF HER ROLE, FOR REASONS INCLUDING .,. MAKING CHANGES TO ACCOUNT DOCUMENTS AFTER THEY WERE SIGNED BY THE CLIENT.”

AWC No. 2014041497101

Lam was suspended for 45 days and fined $5,000.

According to FINRA records, Lam  was registered with UBS Financial Services from 11/2011-6/2014. She is not currently registered.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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