LUIS NIN Has An Investor Complaint – Goodman & Nekvasil, P.A. May Recover Investor Losses
Former UBS FINANCIAL SERVICES INC. investment adviser, LUIS NIN Has An Investor Complaint.
CRD#: 4372587
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
LUIS E NIN (CRD#: 4372587), a formerly registered representative for UBS FINANCIAL SERVICES INC. in NEWPORT BEACH, CA, has an investor complaint. According to NIN’s FINRA BrokerCheck report, The Trustee alleges misappropriation.
The customer claim was denied.
FINRA tells investors on its website that a denial of wrongdoing by the investment professional does not always mean a complaint was unfounded.
Prior to receiving the customer complaint, Nin was suspended by FINRA. According to FINRA, without admitting or denying the findings, Nin consented to the sanctions and to the entry of findings that he placed unauthorized trades in a customer account after learning that the authorized party on the account had died.
The findings stated that although Nin confirmed the trades with a relative of the deceased, that person did not have trading authority on the account. The trades liquidated the entire account value of over $260,000 to cash and were done in order to prevent further market losses.
Nin received $2,551.10 in commissions and sales credits as a result of the trades. In connection with placing the trades, Nin inaccurately indicated to his member firm that he had received instructions for the trades from the customer.
LUIS E NIN has a denied investor complaint.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 1/15/25. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.