Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...Read More
Sumaya Musa: UBS Financial Advisor Has Four Complaints
Sumaya Musa of UBS Financial Services in Miami, Florida, has four customer complaints on her regulatory report maintained by the Financial Industry Regulatory Authority (FINRA). All four complaints are from May 2014 to October 2015 and appear to relate to Puerto Rico closed-end bond funds and municipal bonds.
The first complaint, dated May 22, 2014, alleged $800,000 of damages. The customer alleged, “Misrepresentation and unsuitability in connection with their purchases of closed-end bond funds.” That claim settled for $195,000.
The second complaint, dated June 16, 2014, alleged “Misrepresentation and unsuitability in connection with purchases of municipal bonds.” That claim settled for $95,000.
The third complaint, dated July 14, 2014, alleged “Misrepresentation and unsuitability in connection with their purchases of closed-end bond funds.” That claim settled for $100,000.
The latest complaint, dated October 26, 2015, alleged “misrepresentations, unsuitability, and over concentration concerning their investments in Puerto Rico municipal bonds and closed-end funds” and damages of $180,000. That claim is still pending in FINRA arbitration.
Prior to being licensed with UBS in Miami, Sumaya Musa was licensed with Citigroup in Puerto Rico.
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