MARK SULLIVAN – Former UBS Broker Suspended by FINRA – May Recover Investor Losses
MARK SULLIVAN – Former UBS Broker Suspended by FINRA.
MARK LAWRENCE SULLIVAN (CRD#: 2531982), a former broker for UBS FINANCIAL SERVICES INC. in New York, NY was recently suspended for three-months after the broker consented to FINRA sanctions and a fine of $10,000.00.
According to the FINRA, Without admitting or denying the findings, Sullivan consented to the sanctions and to the entry of findings that he exercised discretion without prior written authorization when placing 581 trades in the accounts of two customers.
The findings stated that although the customers permitted Sullivan to exercise discretion, he did not have their written authorization to do so, and his member firm did not accept the accounts as discretionary.
By mismarking solicited trades as unsolicited, Sullivan caused his firm to maintain inaccurate books and records. In addition, Sullivan inaccurately stated on three annual compliance questionnaires submitted to the firm that he had not exercised discretion in customer accounts.
MARK SULLIVAN – Former UBS Broker Suspended by FINRA.
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 $500 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 8/10/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.