Imagine this: you’ve put your trust and hard-earned money into the hands of an investment advisor, only to find out that the funds recommended were not in your best interest. Worse yet, they were unsuitable and misrepresented. This is the serious allegation currently under investigation, and it’s no laughing matter. The alleged damages are estimated to exceed $5,000. This is not just a hit to the wallet, but also a blow to the trust one places in their financial advisors.
Who are the Individuals Involved?
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The two individuals under the microscope are Franco Carrasco and Les Highley. Carrasco’s tenure spans from September 14th, 2009 to January 6th, 2023, while Highley’s period of service stretches from December 1st, 2011 to June 28th, 2013. Both were associated with UBS Financial Services Inc., a company that has been in operation since 2007.
What is the Nature of the Allegation?
The allegation centers around the recommendation of certain funds that were not in the best interest of the client. In other words, the funds were unsuitable and misrepresented. This is a serious charge in the world of finance, where trust and integrity are paramount. The damages claimed are estimated to be over $5,000, a significant sum for any investor.
Who is Investigating the Allegation?
Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating the advisor and the company. With offices in Florida, New York, North Carolina, Arizona, and Texas, they are well-positioned to handle cases across the country.
How Can Investors Recover Their Losses?
- FINRA Arbitration: This is a platform that can help investors recover their losses. It’s an effective and efficient way to resolve disputes between investors and brokers.
- Haselkorn & Thibaut: With over 50 years of experience and a 98% success rate, this law firm has a proven track record of successful financial recoveries for investors. Their “No Recovery, No Fee” policy ensures that clients don’t pay unless they win.
Haselkorn & Thibaut is currently offering a free consultation to clients. They can be reached at 1-800-856-3352. If you’ve been affected by this situation, don’t hesitate to reach out. After all, it’s not just about the money. It’s about justice, trust, and ensuring that this doesn’t happen to other unsuspecting investors.
