Ankit Sahu, of San Francisco, California, a stockbroker formerly registered with UBS Financial Services Inc., has been named in a customer initiated investment related arbitration claim on April 28, 2017, in which the customer requested $500,000.00 in damages based upon allegations that he effected unsuitable transactions in the customer’s investment account, and misrepresented UBS AG Time Deposits by claiming that the products did not contain principal risk. The customer further alleged that UBS Financial Services Inc. failed to supervise Sahu’s activities.

Financial Industry Regulatory Authority (FINRA) Public Disclosure also indicates that on June 22, 2016, another customer filed an investment related written complaint involving Sahu’s conduct, wherein the customer sought $1,668,552.00 in damages based upon allegations that between 2011 and 2016, Sahu effected equities and non-purpose loan transactions in the customer’s account that were not suitable for the customer.

Sahu was fired from UBS Financial Services Inc. on May 17, 2016, based upon allegations that he effected an unauthorized loan transaction with two of the firm’s customers.

Guiliano Law Firm

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