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Ned Lubell: West Palm Beach Advisor Has Suitability Complaint
UBS Financial Services representative Ned Lubell (CRD# 2449026) allegedly recommended unsuitable investments, according to a pending investor complaint against him. Financial Industry Regulatory Authority records show that he is a stockbroker and investment advisor based in West Palm Beach, Florida.
Mr. Lubell’s BrokerCheck report discloses one pending investor complaint. Filed in February 2022, it alleges the recommendation of “unsuitable and esoteric structured products and notes without adequate warnings and details.” The pending complaint alleges damages of $99,000.
An earlier investor complaint listed on Mr. Lubell’s BrokerCheck report, filed in 2008, alleged that auction rate securities were “sold as a risk-free, money-market alternative and not all the facts pertaining to these investments were disclosed.” The complaint settled with UBS Financial Services’ agreement to repurchase the securities at par value, a sum of $1,000,000.
According to the Financial Industry Regulatory Authority, Ned Lubell holds 28 years of securities industry experience and has been affiliated with UBS Financial Services in West Palm Beach since 2002. His past registrations include Deutsche Bank Securities (New York, New York; 2001-2002), DB Alex Brown (Baltimore, Maryland; 1997-2001), and Alex Brown & Sons (1994-1997). His credentials include the passage of seven securities industry qualifying exams: the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63; the Securities Industry Essentials Examination, or SIE; the Futures Managed Funds Examination, or Series 31; the General Securities Representative Examination, or Series 7; the General Securities Sales Supervisor – General Module Examination, or Series 10; and the General Securities Sales Supervisor – Options Module Examination, or Series 9. He presently holds 32 state licenses. Deutsche Bank Securities (New York, New York; 2001-2002), DB Alex Brown (Baltimore, Maryland; 1997-2001), and Alex Brown & Sons (1994-1997). He presently holds 32 state licenses.
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