Paul Murans, Financial Advisor Paul Murans Discharged from UBS Financial Services, Inc. | Goodman & Nekvasil P.A., May Recover Investor Losses
Paul Murans aka Peace Murans CRD #3266607
Paul Murans is a currently licensed financial advisor with Thurston Springer Financial. Paul Murans was formerly licensed with UBS Financial Services, Inc. According to Paul Murans’ CRD, Paul Murans was discharged from UBS Financial Services, Inc. in October 2017. According to Paul Murans’ CRD, Paul Murans was allegedly discharged for facilitating client purchases of life-settlement products not listed on firm platform, failing to escalate a client complaint and responding to the complaint without managerial approval, and failing to disclose a client’s subsequent investment in an outside passive investment which had been previously approved for investment by the FA, in violation of firm policies and industry rules.
According to Paul Murans’ CRD, four customer disputes have been filed alleging sales practice violations against Paul Murans:
Customer Dispute 11/7/18: The client alleges the life settlement contract was misrepresented and unsuitable. The client further alleges unauthorized trading of structured products. The client finally alleges she had no idea she was borrowing from her loan account.” This customer dispute settled for $250,000.
Customer Dispute 5/16/18: Customer dispute alleges unsuitable investments, unauthorized credit line agreement, unauthorized trades, uninvested funds, lost market opportunity. This customer dispute is currently pending and seeks $183,000 in damages.
Customer Dispute 3/29/18: Claimants, an owner of a business that raises money for medical device companies, and his wife, complain about overconcentration in SPXU and TWM, leveraged ETFs, and allege that these securities were unsuitable in light of their objectives. They also complain about overconcentration in risky energy-related investments, and they allege that these were also unsuitable. Claimants also allege that UBS failed to adequately supervise Paul Murans with respect to Claimants’ accounts. This customer dispute was settled for $355,000.
Customer Dispute 8/1/16: Claimant’s Counsel alleges that recommendations were made that were unsuitable in light of client’s investment objectives and risk tolerances. This customer dispute was settled for $75,000.
If you lost money on investments with Paul Murans and believe 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 concerning Paul Murans’ 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 $180 million on behalf of victimized investors. If you lost money on investments with Paul Murans 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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