Close Menu
Free Consultation: 888-976-6111

Ross Cammarata: UBS Financial Advisor Has Four Customer Complaints

Ross Cammarata, also known as Rosario Cammarata, of UBS Financial Services in Fort Lauderdale, has four customer complaints disclosed on his regulatory record, all of which resulted in settlements and payments totaling $277,000 to the customers. Three of the four complaints are from 2015 to present.

On May 4, 2016, a customer alleged Cammarata engaged in “over-concentration and unauthorized trading with respect to certain securities which are historically used as hedges against the market and inflation.” The customer alleged that the damages were $99,000. That customer complaint was later settled for $25,000.

On December 15, 2015, it was reported on Cammarata’s regulatory report: a “client verbally alleges that the investment strategy to invest all of her IRA into gold was inappropriate for her.” That claim was settled for $28,500.

On July 9, 2015, customers alleged that Cammarata “exercised discretion over their accounts and engaged in an unsuitable investment strategy of overconcentrating their accounts in precious metals exploration and mining stocks, and exchange traded funds.” The customers alleged $807,278.92 in damages. The claim ultimately settled for $75,000.

On September 26, 2000, a customer alleged $148,500 in damages relating to “securities fraud…unsuitability, unauthorized trading, common law fraud, breach of fiduciary duty and negligence.” The claim was ultimately settled for $39,000.

Prior to his employment with UBS, Ross Cammarata was employed by Raymond James & Associates, Inc., Janney Montgomery Scott, LLC, and Gruntal & Co., LLC.

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
  • Sam Aziz: FINRA Bars Ohio David A. Noyes Advisor

    A disciplinary action taken by the Financial Industry Regulatory Authority against former Dublin, Ohio broker and investment advisor Sam Aziz...

    Read More
  • Ed Matthes: FINRA Bars Wisconsin Mutual of Omaha Advisor

    A disciplinary action taken by the Financial Industry Regulatory Authority against former Oconomowoc, Wisconsin broker and investment advisor Ed Matthes...

    Read More
  • Dennis Hayes: Former Boca Raton Newbridge Advisor Barred by FINRA

    A disciplinary action taken by the Financial Industry Regulatory Authority against former Boca Raton, Florida and Melville, New York broker...

    Read More
  • Judith Johnston: Former NYLife Broker Barred; Variable Annuity Complaints

    A disciplinary action taken by the Financial Industry Regulatory Authority against former Frisco, Texas broker Judith Johnston (CRD# 5532549) barred...

    Read More
  • Previous
  • Next