Richard “Rick” Whalen Investigation
April 2022- Phoenix, AZ
According to publicly available records, Richard J. Whalen, a UBS Financial Services, Inc., broker discloses a customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 7/2021, a UBS Financial Services customer resolved a suit alleging that Whalen invested in unsuitable securities which were over concentrated in the energy sector. The case was settled for $140,000.
Whalen has been employed with UBS Financial Services, Inc. since March of 2008.
If you have losses in an account handled by Richard “Rick” Whalen, call to learn how you may be able to recover damages through FINRA arbitration.
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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