Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience and a 98% success rate, has opened an investigation into UBS Financial Services Inc. broker Nicholas John Ruch (CRD# 6502251) based in Cincinnati, Ohio. If you’ve invested with Nick Ruch and experienced losses or have concerns about your account management, you may have options for recovery.
Who Is Nicholas John Ruch?
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Nicholas John Ruch is a stockbroker and financial advisor currently registered with UBS Financial Services Inc., where he has worked since September 22, 2016. Operating from the Cincinnati branch at 8044 Montgomery Road, Suite 10 in The Towers at Kenwood, Ruch holds Series 7 and Series 66 securities licenses, which authorize him to trade securities and provide investment advice.
With approximately 8 years of experience in the securities industry, Ruch’s career trajectory includes previous positions at respected firms:
- Edward Jones (2016)
- Oppenheimer & Co. Inc. (2015-2016)
While his current registration with UBS remains active, investors should be aware of concerning patterns in his regulatory record that warrant careful consideration.
Red Flags: Customer Complaints Against Nick Ruch
A review of Ruch’s FINRA BrokerCheck record reveals two customer disputes that raise questions about his investment practices and client management:
| Date | Allegation | Damages Requested | Status |
|---|---|---|---|
| March 2022 | Unsuitable investment recommendations | $250,000 | Settled for $87,500 |
| November 2021 | Breach of fiduciary duty, unsuitability | $100,000 | Denied |
Why These Complaints Matter to Your Investments
The nature and pattern of these complaints deserve your attention for several critical reasons:
1. Unsuitable Investment Recommendations
When a financial advisor recommends unsuitable investments, it means they’ve potentially placed you in securities that don’t match your risk tolerance, investment timeline, or financial goals. This is one of the most serious violations of a broker’s duty to their clients. The fact that UBS settled the March 2022 complaint for $87,500 suggests the firm recognized potential liability in this matter.
2. Breach of Fiduciary Duty
The November 2021 complaint alleging breach of fiduciary duty indicates that a client believed Ruch failed to act in their best interests. Financial advisors have a fundamental obligation to prioritize their clients’ financial wellbeing above their own compensation or firm profits. While this complaint was denied, the allegation itself reflects serious concerns about advisory practices.
3. Pattern of Similar Allegations
Both complaints center on suitability issues, suggesting a potential pattern rather than isolated incidents. When multiple clients raise similar concerns about unsuitable recommendations, it may indicate systemic problems with how an advisor analyzes client needs or selects investments.
What This Means for Current and Former Clients
If you’ve worked with Nick Ruch at UBS Financial Services, consider reviewing your account for these warning signs:
- Investments that seem too risky for your age or financial situation
- Concentrated positions in single stocks or sectors
- Excessive trading generating high commissions
- Complex products you don’t fully understand
- Significant losses that seem inconsistent with market performance
- Recommendations that primarily benefit the broker through commissions
Understanding Your Rights as an Investor
Securities regulations exist to protect investors from unsuitable recommendations and breaches of fiduciary duty. You have the right to receive investment advice that aligns with your specific financial circumstances, including your:
- Investment objectives
- Risk tolerance
- Time horizon
- Liquidity needs
- Overall financial situation
When advisors fail to consider these factors or recommend investments that don’t match your profile, they may be liable for resulting losses.
The Importance of Acting Quickly
Investment fraud cases have strict time limitations. FINRA arbitration claims typically must be filed within six years of the event giving rise to the claim. However, the sooner you act, the stronger your potential case may be, as:
- Documentation is more readily available
- Witness memories remain fresh
- Account records are easier to obtain
- Recovery options may be more viable
How Haselkorn & Thibaut Can Help
With over five decades of experience representing investors nationwide, Haselkorn & Thibaut has recovered millions of dollars for clients who’ve suffered investment losses due to broker misconduct. Our 98% success rate reflects our deep understanding of securities law and commitment to investor protection.
We work on a “No Recovery, No Fee” basis, meaning you pay nothing unless we secure compensation for your losses. This approach ensures that every investor, regardless of their current financial situation, can access experienced legal representation.
Take Action Today
If you’ve invested with Nicholas John Ruch at UBS Financial Services and have concerns about unsuitable recommendations, unexplained losses, or account management issues, don’t wait to explore your options. The investigation into Ruch’s practices is ongoing, and your experience could be part of a larger pattern.
Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free, confidential consultation. Our experienced investment fraud attorneys will review your situation, explain your rights, and help you understand your options for potential recovery. With offices nationwide and a proven track record of success, we’re here to help you seek the justice and compensation you deserve.
Remember, time is critical in investment fraud cases. The sooner you act, the better positioned you’ll be to protect your financial future. Call 1-888-885-7162 now to speak with an attorney who understands your situation and can guide you through the recovery process.
