UBS Bank Bank Account Or Service Complaint

Other bank product/service Account opening, closing, or management

UBS Bank Bank account or service department,

Other bank product/service Account opening, closing, or management

The big problem where I have an enormous financial loss, being a conservative / moderate, is by a - investment of UBS. Similar - investment offered by - - - in six times in - with our maturities in -. All my - dollars ' maturities were invested in those - by - - - without any term-sheet or confirming-sheet. I ask him the confirmation by email. I attach the email* with the petition and braking, if there is not the confirmation asked. - investment has a clause specifying that can not be proposed in the USA. The six times - investment was proposed by UBS/ - - - and no other option.


six times. UBS has broken a golden rule so far he must know. UBS breaks my profile of moderate/conservative without any notice. All my investments are conservative and UBS knew this and I have been always very clear with - - about to risk only rates, not capital. - - recognized to have made that mistake and not follows my instructions. I have a financial loss to date of $300000.00. This is my request : UBS assumes that responsibility ; for not having covered these basic rules that are the most elemental for a broker. However, if the authorities confirm the UBS criminal actions, then, my claim would be for much more. UBS claims that this type of investment I made over several years. - - acknowledges that he has only who phoned to me for such investments -, and never that I have asked them to him. Also, that it has not a high-risk prevention ; UBS recognized high-risk only after my complaint, never before. Even if I have made such investments before, always I felt they were under the protective mantle of respecting my profile moderate/conservative. In addition, they did not report losses that forced me as now to ask UBS response. If UBS does not assume such responsibilities, it is to break with the nature of a broker ; not respecting the most basic principles of investors. To accept that UBS can break the investor profiles, and moreover without their consent or warning, it means do not have any kind of investor protection. To accept that UBS can risk the assets of investors in - instrument at high risk, and without any prevention, it is an extreme. If UBS does not respond and the authorities do not punish, it damages all the reliable broker environment and I ask the authorities protection and the laws that sanction this, or in the worst case, the specific laws that accepted those actions.

UBS Bank customer in
Feb 29, 2016

* Source: CFPB Complaint Database

UBS Bank response to complaint:
Closed

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