David Fagenson – Financial Advisor/Broker David Fagenson Fired by UBS Financial Services, Inc. | Goodman & Nekvasil P.A May Recover Investor Losses
David Fagenson CRD #1652012
From 2010 until his firing in 2016, David Fagenson was licensed with UBS Financial Services, Inc. David Fagenson is currently licensed with Newbridge Securities Corporation. According to FINRA’s records, David Fagenson was fired by UBS Financial Services, Inc. on Sep. 26, 2016. UBS Financial Services, Inc. reported to FINRA that David Fagenson was fired following a review which found that while on heightened supervision, David Fagenson violated firm policy by exercising time and price discretion, texting with clients and engaging in short term trading of preferred shares.
The day of David Fagenson’s discharge by UBS Financial Services, Inc., FINRA reports that an arbitration claim was filed alleging that David Fagenson made unauthorized trades and that David Fagenson did not enter stop-loss orders on several investments. UBS Financial Services, Inc. settled that case for $26,250.
FINRA also reports that three previous arbitration claims were filed alleging misrepresentation of risk, excessive trading, and/or unsuitable investment recommendations by David Fagenson, while David Fagenson was with UBS Financial Services, Inc. and/or his previous firm, Merrill Lynch, Pierce, Fenner & Smith Incorporated. These claims involving David Fagenson were settled by UBS Financial Services, Inc. and/or Merrill Lynch, Pierce, Fenner & Smith Incorporated for $112,500, $35,000, and $20,000.
If you lost any money on investments with David Fagenson while he was employed with UBS Financial Services, Inc. or Newbridge Securities Corporation, you may be able to recover your losses from UBS Financial Services, Inc. or Newbridge Securities Corporation. This is because UBS Financial Services, Inc. and Newbridge Securities Corporation had a duty to supervise David Fagenson.
We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against UBS Financial Services, Inc. and/or Newbridge Securities Corporation concerning David Fagenson’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with David Fagenson and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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