UBS and Michael Keane ordered to pay investor $805,120 for misconduct.

Furgison Law Group is currently investigating claims against Michael James Keane (CRD# 265697) and UBS Financial Services Inc. We are investigating allegations of breach of fiduciary duty, unsuitable investment recommendations, overconcentration, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct related to Master Limited Partnerships (MLP) investments, Oil & Gas investments and other Energy Sector investments.

A FINRA arbitration panel in New York City, New York, ordered Michael Keane of Melville, New York and UBS Financial Services Inc. to pay an investor $805,120.00, . FINRA Case #16-03148, Scott H. Feldman, et al. v UBS Financial Service Inc., et al. The panel found the firm and advisor liable for breach of fiduciary duty, negligence, misrepresentation, breach of good faith and fair dealing and other misconduct related to an unsuitable investment strategy in Energy Stocks, MLP's and Business Development Companies and further misrepresentations regarding the risks associated with this investment strategy.

Michael Keane has many similar complaints of wrongdoing reported on his regulatory file

The CRD Report of Michael James Keane includes the disclosure of eight (8) other customer complaints in Melville, New York. These types of customer complaints are serious red flags that evidence a pattern of unsuitable investment recommendations in order to generate commissions and income for himself, at the expense of his clients. Four (4) of the customer complaints listed in the regulatory have already settled for substantial sums.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered loses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you have questions about investments you made with Michael Keane, UBS Financial Services Inc. or any other brokerage firms, the securities attorneys of Furgison Law Group may be able to help you. To speak with a securities attorney please call (310) 356-6890.

Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that may require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.