UBS Broker, Dwight West, Has Pending Customer Complaint, Alleging Unsuitable Recommendations To An Elderly Client

• September 30, 2018
• UBS Financial Services, Inc.

The Wolper Law Firm is currently investigating claims against Dwight West, a Financial Advisor at UBS in Lone Tree, Colorado.  Dwight West has been in the securities industry since the 1980s and previously worked at Morgan Stanley.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on May 24, 2018, the power of attorney for an elderly client made a customer complaint against Dwight West, alleging “elderly customer alleges, through her POA and son, that her FA engaged in unsuitable recommendations, unauthorized trades, abandonment of account, and failure to communicate.”  The matter remains pending.

Dwight West has four additional customer complaints reflected on his FINRA disclosure report, including the following:

• December 1999—Client alleged “securities laws” violations. The matter was settled for $225,000.
• December 1999—Client alleges “miscommunication” of material facts. The matter was settled for $40,000.

For a full copy of Dwight West’s FINRA disclosure report, click https://brokercheck.finra.org/individual/summary/463778#disclosuresSection

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you or someone you know was a customer of Dwight West and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.