Haselkorn & Thibaut Launches Investigation: Ernie Walter Kloock of UBS Financial Services Inc. in Paramus, NJ
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Are you an investor who worked with Ernie Walter Kloock (CRD 3114944), a financial advisor based in Paramus, New Jersey and currently registered with UBS Financial Services Inc.? Haselkorn & Thibaut, a national law firm trusted by thousands of investors, has opened an independent investigation into the services and practices of Ernie Walter Kloock. Our team at Haselkorn & Thibaut has a 98% success rate, over 50 years of combined experience, and has recovered millions for clients. If you’ve suffered account losses, you may be entitled to compensation—and we offer free, no-obligation consultations to discuss your options.
Advisor Background: Ernie Walter Kloock
- Name: Ernie Walter Kloock
- CRD Number: 3114944
- Current Broker-Dealer: UBS Financial Services Inc.
- Location: 61 South Paramus Road, Mack Center IV, Paramus, NJ 07652
- Industry Start Date: 1998
- Registration History:
- UBS Financial Services Inc. (2014–present)
- Merrill Lynch, Pierce, Fenner & Smith Inc. (2009–2014)
- Banc of America Investment Services, Inc. (2004–2009)
- Quick & Reilly, Inc. (2002–2004)
- Morgan Stanley DW Inc. (1998–2002)
Complaints and Arbitration Matters: Key Facts for Investors
As of June 2024, Haselkorn & Thibaut research reveals the following:
- No formal regulatory actions or disciplinary measures reported by government agencies (including FINRA and the SEC).
- No customer complaints appear directly on public regulatory databases. For the latest status, you may review FINRA BrokerCheck.
- However, there have been significant investor allegations and FINRA arbitration filings involving Ernie Walter Kloock.
Summarized Table of Complaints & Arbitrations
| Date Filed | Case Number & Venue | Broker-Dealer | Allegations | Status/Resolution | Amount |
|---|---|---|---|---|---|
| May 2023 | FINRA Case No. 23-01006 | UBS Financial Services Inc. | Recommendations to purchase and overconcentrate in preferred stock were allegedly unsuitable; risks were not fully explained; sell instructions declined (2021–2023) | Pending | $206,000 (damages sought) |
| July 2011 | FINRA Case No. 11-02971 | Banc of America Investment Services & Merrill Lynch | Negligence, misrepresentation, omission of material facts, breach of contract, unsuitability regarding RiverSource variable annuity | Settled Sept 2012 | $63,000 (settlement) |
Common Allegations Against Ernie Walter Kloock
- Unsuitable investment recommendations: Claims that products or strategies did not fit the investor’s needs, risk tolerance, or objectives.
- Breach of fiduciary duty/best interest obligations: Duty to act in the client’s best interests allegedly not met.
- Fraud / Material Misrepresentation or Omission: Allegations that important information was left out or misrepresented.
- Negligence & Breach of Contract: Failures to exercise appropriate care or to uphold contractual commitments.
Understanding Your Recovery Options
If you are an investor who has experienced financial losses in an account managed by Ernie Walter Kloock—especially losses related to unsuitable recommendations, high-risk products, or failure to follow your instructions—know that you may have powerful options to seek recovery. Most investor claims are resolved through FINRA arbitration, a specialized forum designed to handle disputes between customers and financial professionals.
Why Contact Haselkorn & Thibaut?
- 50+ years of focused experience in securities fraud law
- 98% success rate with millions recovered for investors nationwide
- No recovery, no fee commitment: You pay nothing unless we secure compensation for you
- Direct, personalized attention: Each consultation is confidential and free
Haselkorn & Thibaut can review your situation, answer your questions, and help you understand potential next steps. We recognize the importance of trust in the advisor-client relationship, and our process is designed to guide you with clarity and compassion.
What To Do If You Are Concerned About Your UBS Account
- Review recent activity and account statements for losses or unauthorized trades.
- Consider whether recommendations matched your experience and risk profile.
- Don’t hesitate: the sooner you consult, the better your recovery options may be.
Your financial peace of mind is our priority. If you have any concerns about Ernie Walter Kloock of UBS Financial Services Inc. in Paramus, NJ, Haselkorn & Thibaut is ready to help. Most importantly, time limits may apply to your claim.
Next Steps
- Call 1-888-994-8066 for a confidential and complimentary review of your loss claim.
- Visit FINRA BrokerCheck to view the advisor’s registration history.
- Reach out online via investmentfraudlawyers.com.
You worked hard for your money. If you believe you have suffered losses due to poor advice or misconduct, don’t wait—Haselkorn & Thibaut can help you consider next steps. There is no fee unless we recover for you.
