UBS Financial Sued By Investors For Currency Unit Misconduct

Paul David Campbell of New York New York a stockbroker currently registered with UBS Financial Services is the subject of a customer initiated investment related arbitration claim in which the customer requested $386,965.40 in damages based upon allegations that the customer had been placed into unsuitable double currency units (DOCUs). Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03809 (Jan. 24, 2020).

According to the claim, the customer’s investment instructions were disregarded by Campbell. Investment related documentation allegedly contained forged customer signatures. The claim also alleges that the customer was overconcentrated in bad investments by Campbell between 2008 and 2015.

Campbell has been identified in two additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed by Citigroup Global Markets Inc. FINRA Public Disclosure indicates that a customer filed an investment related complaint pertaining to Campbell’s conduct in which the customer requested unspecified damages supported by allegations of Campbell’s failure to follow instructions relating to mutual fund transactions effected in the Citigroup Global Markets customer’s account.

Another customer filed an investment related complaint regarding Campbell’s activities where the customer sought unspecified damages based upon accusations that misrepresentations were made to the customer by Campbell with regard to the customer’s investments in corporate bonds during the time that the stockbroker was associated with Citigroup Global Markets.

Campbell has been registered with UBS Financial Services since January 1, 2010.