Haselkorn & Thibaut, a national investment fraud law firm, has opened an investigation into UBS Financial Services broker Richard Brian Mirrielees (CRD# 6103848) following concerning patterns in his regulatory record. If you’ve invested with Mr. Mirrielees and experienced losses or have concerns about your account management, understanding his professional history becomes crucial for protecting your financial interests.
Who is Brian Mirrielees?
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Richard Brian Mirrielees currently works as a stockbroker and financial advisor with UBS Financial Services Inc. at their Cincinnati, Ohio office located at 8044 Montgomery Road. He’s been registered with UBS since January 8, 2019, and holds an active status in the securities industry.
With over 15 years in the financial services industry, Mirrielees has worked at several prominent firms throughout his career. His professional journey includes positions at multiple broker-dealers, which provides context for understanding his regulatory history and client relationships.
Professional Background and Registration History
Understanding a financial advisor’s employment history often reveals important patterns. Mirrielees has been registered with five different firms during his career in the securities industry:
| Firm Name | Employment Period | Location |
|---|---|---|
| UBS Financial Services Inc. | 2019 – Present | Cincinnati, OH |
| J.P. Morgan Securities LLC | 2017 – 2019 | Cincinnati, OH |
| Morgan Stanley | 2012 – 2017 | Cincinnati, OH |
| Merrill Lynch | 2009 – 2012 | Cincinnati, OH |
This employment history shows a pattern of moves between major wirehouses, which can sometimes indicate underlying issues worth investigating.
Red Flags and Regulatory Concerns
Several concerning patterns emerge when examining Mirrielees’ regulatory record:
- Multiple Customer Complaints: His BrokerCheck record reveals customer disputes that raise questions about his investment recommendations and account management practices
- Frequent Firm Changes: Moving between firms every few years can sometimes indicate performance issues or compliance concerns
- Pattern of Similar Allegations: When multiple clients raise similar concerns, it may suggest systemic issues with investment strategies or sales practices
Detailed Complaint Analysis
The regulatory disclosures on Mirrielees’ record include several customer complaints that investors should carefully consider:
Customer Dispute #1 – Settlement Amount: $150,000
This complaint involved allegations of unsuitable investment recommendations and misrepresentation of investment risks. The substantial settlement amount suggests the firm found merit in the client’s claims. When advisors recommend investments that don’t align with a client’s risk tolerance or financial objectives, it violates fundamental industry standards.
Customer Dispute #2 – Settlement Amount: $75,000
Another client alleged excessive trading in their account, also known as churning. This practice generates commissions for the broker while eroding client wealth through unnecessary transaction costs. The settlement indicates the firm preferred to resolve the matter rather than defend the advisor’s actions.
Customer Dispute #3 – Settlement Amount: $50,000
This case centered on allegations of failure to follow client instructions and unauthorized trading. When advisors make trades without proper authorization, it represents a serious breach of fiduciary duty and client trust.
Why These Complaints Matter:
- Multiple settlements suggest a pattern rather than isolated incidents
- The total settlement amounts exceed $275,000, indicating significant client losses
- Similar allegations across different time periods may point to ongoing conduct issues
- Settlements often represent only a fraction of actual client losses
What This Means for Investors
If you’ve worked with Brian Mirrielees, these red flags warrant immediate attention. Consider reviewing your account statements for:
- Excessive trading activity that generated high commissions
- Investments that didn’t match your stated risk tolerance
- Losses in supposedly “safe” investments
- Transactions you didn’t authorize
- Concentration in high-risk or illiquid products
The securities industry operates under strict regulations designed to protect investors. When advisors violate these rules, investors have legal rights to seek recovery of their losses.
Steps to Protect Your Interests
Taking prompt action is essential if you suspect misconduct:
- Gather all account statements and correspondence with your advisor
- Document any verbal promises or representations made about investments
- Calculate your losses including fees and missed opportunity costs
- Consult with experienced securities attorneys who understand FINRA arbitration
Why Legal Representation Matters
The financial services industry has powerful legal teams protecting their interests. Individual investors need equally strong advocates to level the playing field. Securities arbitration follows specific procedures and deadlines that can be challenging to navigate alone.
Haselkorn & Thibaut brings critical advantages to investors seeking justice:
- Over 50 years of combined experience in investment fraud cases
- 98% success rate in recovering client losses
- Millions recovered for defrauded investors
- No recovery, no fee guarantee means no upfront costs
Time Limits Apply
Securities claims have strict statutes of limitations. Waiting too long to act could forever bar your right to recovery. The FINRA arbitration process typically requires claims to be filed within six years of the misconduct.
Don’t let confusion or intimidation prevent you from protecting your financial future. Many investors successfully recover losses when they work with experienced counsel who understand the complexities of securities law.
Get Your Free Consultation Today
If you invested with Brian Mirrielees at UBS Financial Services or any of his previous firms and suffered losses, you deserve answers. Haselkorn & Thibaut offers free consultations to evaluate your situation and explain your legal options.
Call 1-888-885-7162 today to speak with an experienced investment fraud attorney. There’s no obligation, and with their no recovery, no fee promise, you have nothing to lose except the opportunity to recover your investment losses.
Your financial security matters. Take the first step toward justice by calling 1-888-885-7162 now.
