UBS Financial Services Sued By Investors For Unauthorized Trading
Daniel Edward Rebmann of San Antonio Texas a stockbroker currently associated with UBS Financial Services Inc. is referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages based upon accusations that structured products had been purchased for the customer’s account without the customer’s permission while Rebmann was associated with UBS. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-00648 (July 13, 2016).
FINRA Public Disclosure reveals that another customer initiated investment related arbitration claim concerning Rebmann’s activities was resolved for $35,500.00 in damages based upon allegations that while Rebmann was associated with Merrill Lynch, Pierce, Fenner & Smith Incorporated, misrepresentations and omissions had been made to the customer concerning the terms and conditions of structured products selected for the customer; and the customer was inappropriately advised to purchase those investments. FINRA Arbitration No. 14-00517 (Sept. 10, 2015).