Close Menu
Free Consultation: 888-976-6111

Ramiro Colon: UBS Employee Has 25 Customer Complaints

Ramiro Luis Colon III of UBS Financial Services in Miami, Florida has 25 customer complaints on his Brokercheck report maintained by the Financial Industry Regulatory Authority. Of those 25 complaints, 24 were from 2014 to present. Six of the complaints settled, and the rest are still pending.

One customer complaint, dated July 10, 2014, alleged failure to supervise and $6,977,165.00 of damages. That claim settled for $5,000,000. Another complaint, dated September 9, 2015, also alleged failure to supervise. That claim was settled for $970,000. A third large settlement from 2014, for $2,745,388.71, also alleged failure to supervise.

Colon was formerly the branch manager of the Guaynabo offices of UBS Financial Services Incorporated of Puerto Rico. On or around September 20, 2015, Colon agreed to a settlement with the Securities and Exchange Commission (SEC). The SEC alleged that “failed reasonably to supervise an individual with a view to preventing and detecting the individual’s violations of the federal securities laws.” Colon agreed to a fine of $25,000 and a 12 month suspension from the securities industry.

If you lost money due to unsuitable investments, please call us at 888-976-6111 for a free consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Did B. Riley’s Darren Daye Sell Unsuitable GWG, GPB Investments?

    Las Vegas financial advisor Darren Daye (CRD# 3032746) allegedly recommended unsuitable investments in GWG Holdings and GPB Waste Management, according...

    Read More
  • Gianluca De Berardinis: New Complaint Against Morgan Stanley Advisor

    New York City financial advisor Gianluca De Berardinis (CRD# 4893776) is involved in an investor complaint alleging he provided misleading...

    Read More
  • Monty Cerf: $7 Million Options Overlay Complaint Against UBS Advisor

    A pending investor complaint against New York financial advisor Monty Cerf (CRD# 2269462) alleges that he misrepresented and recommended an...

    Read More
  • UBS Advisor Gerard Costello: $900K Options Overlay Complaint

    A recent investor complaint against New York City financial advisor Gerard Costello (CRD# 1551511) alleges that his investment advice concerning...

    Read More
  • Previous
  • Next