GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – JAMES LEBARON SPRINGER FIRED BY UBS FINANCIAL SERVICES, INC.
From 2002 until James Springer’s firing in 2014, James Springer was licensed with UBS Financial Services, Inc. James Springer is now licensed with Stifel, Nicolaus & Company, Incorporated. According to FINRA records, James Springer was fired by UBS Financial Services, Inc. on July 23, 2014. UBS Financial Services, Inc. reported to FINRA that James Springer was discharged after James Springer acknowledged that, for several years, James Springer had caused charges on his corporate credit card to be characterized inaccurately so as to portray certain of his personal expenses as business expenses in order to get back funds set aside from James Springer’s own pre-tax earnings to pay for James Springer’s business expenses. UBS Financial Services, Inc. also concluded that James Springer gave unsatisfactory answers to UBS Financial Services, Inc. management regarding multiple client events and UBS Financial Services, Inc.’s non-cash compensation policy.
FINRA reports that nineteen arbitration claims have been filed, alleging unsuitable investment recommendations and/or misrepresentation by James Springer, along with other allegations. These claims were all settled by UBS Financial Services, Inc., with the largest settling for $375,000, $300,000, $220,000, $200,000, $197,062.49, $164,000, $146,567.53, and $110,000.
If you lost any money on investments with James Springer, you may be able to recover your losses from UBS Financial Services, Inc. and/or Stifel, Nicolaus & Company, Incorporated. This is because UBS Financial Services, Inc. and Stifel, Nicolaus & Company, Incorporated had a duty to supervise James Springer.
If you lost money on investments with James Springer and believe that the investments may have been unsuitable or otherwise improper for you, 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 Stifel, Nicolaus & Company, Incorporated concerning James Springer’ 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 $300 million on behalf of victimized investors. If you lost money on investments with James Springer 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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