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UBS Advisor Michael Hamilton: Suitability Complaint
A recent investor complaint against Leawood, Kansas financial advisor Michael Hamilton (CRD# 2263524) alleges that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services.
Mr. Hamilton’s BrokerCheck report discloses three investor complaints. The most recent, filed in September 2022, alleged that he failed to follow the customer’s instructions to “get him out of unsuitable assets.” The complaint alleged unspecified damages estimated to exceed $5,000 and was denied by the firm, UBS Financial Services.
A second investor complaint, filed in 2012, alleged that he failed to disclose a report warning of a downgrade of the customer’s positions. The complaint alleged damages of $100,000 and was denied by the firm, UBS Financial Services.
A third investor complaint, filed in 2001, alleged that he did not give the customer “advice in a declining market” while he was at Salomon Smith Barney. The complaint reached a settlement of $27,000.
According to the Financial Industry Regulatory Authority, Michael Hamilton holds 30 years of securities industry experience. Based in Leawood, Kansas, he has been a broker and an investment advisor with UBS Financial Services since 2008. His past registrations include Citigroup Global Markets (Leawood, Kansas; 1999-2008) and Dean Witter Reynolds (Purchase, New York; 1992-1999). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 29 state licenses. (Information current as of October 19, 2022.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.