Haselkorn & Thibaut, a national investment fraud law firm with over 50 years of experience, has opened an investigation into UBS Financial Services broker Scott D. Jones (CRD# 2196146) following multiple customer complaints and regulatory concerns. If you’ve worked with Mr. Jones or have concerns about your investments, understanding his regulatory history is crucial for protecting your financial interests.
Who is Scott D. Jones?
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Scott D. Jones has been a registered broker in the financial services industry for over three decades. Currently affiliated with UBS Financial Services Inc. since January 2009, he operates from their Cincinnati office at 8044 Montgomery Road, Suite 10, in The Towers at Kenwood. His extensive career includes previous registrations with major firms including Merrill Lynch, Pierce, Fenner & Smith.
With such a long tenure in the industry, Jones has built relationships with numerous clients throughout the Cincinnati area. However, his regulatory record reveals concerning patterns that investors should carefully consider.
Red Flags in Scott Jones’s Background
Several significant red flags emerge when examining Jones’s professional history:
- Multiple customer complaints alleging unsuitable investment recommendations
- Regulatory action by FINRA resulting in suspension
- Pattern of disputes involving various investment products
- Allegations of misrepresentation in investment recommendations
These issues span different time periods and involve various types of investment products, suggesting potential systemic concerns with his advisory practices.
Complete List of Complaints Against Scott Jones
According to BrokerCheck records, Jones has faced the following regulatory actions and customer disputes:
| Type | Date | Allegation/Details | Status/Outcome |
|---|---|---|---|
| Customer Dispute | 2018 | Unsuitable recommendations, misrepresentation | Settled for $15,000 |
| Customer Dispute | 2015 | Breach of fiduciary duty, negligence | Settled for $25,000 |
| FINRA Action | 2013 | Violation of FINRA rules | 30-day suspension, $5,000 fine |
| Customer Dispute | 2011 | Unauthorized trading, unsuitability | Denied |
Why These Complaints Matter to Investors
Each complaint represents a real investor who believed their financial advisor failed to act in their best interests. Understanding why these issues matter can help you evaluate your own investment situation:
Unsuitable Investment Recommendations
When advisors recommend investments that don’t align with a client’s risk tolerance, financial goals, or investment timeline, it’s called unsuitability. This violation can result in significant financial losses, especially for retirees or those nearing retirement who cannot afford to take excessive risks.
Misrepresentation Claims
Allegations of misrepresentation suggest that important information about investments may not have been fully or accurately disclosed. Investors have the right to receive complete and honest information about any investment product, including its risks, fees, and potential returns.
Pattern of Behavior
Multiple complaints over time can indicate a pattern of problematic behavior rather than isolated incidents. When similar allegations appear repeatedly, it raises questions about an advisor’s practices and commitment to client interests.
What Current and Former Clients Should Know
If you’re a current or former client of Scott Jones, consider taking these steps:
- Review all account statements carefully for unauthorized trades or unsuitable investments
- Document any losses in investments that may have been inappropriately recommended
- Gather all communications with your advisor, including emails, notes from meetings, and account documents
- Act quickly as there are time limits for filing claims in securities arbitration
Understanding Your Rights as an Investor
Every investor has fundamental rights that financial advisors must respect:
- The right to suitable investment recommendations based on your individual financial situation
- The right to full disclosure of all material facts about investments
- The right to have your best interests placed ahead of your advisor’s compensation
- The right to seek recovery if you’ve suffered losses due to misconduct
How Haselkorn & Thibaut Can Help
With over 50 years of experience and a 98% success rate, Haselkorn & Thibaut has recovered millions for investors nationwide. The firm operates on a “No Recovery, No Fee” basis, meaning you pay nothing unless they successfully recover compensation for your losses.
Their team of experienced securities attorneys understands the complex regulations governing financial advisors and can evaluate whether you have grounds for recovery. Time limits apply to investment fraud claims, so prompt action is essential.
Take Action Today
If you’ve invested with Scott Jones at UBS Financial Services or any of his previous firms and have concerns about your investments, don’t wait to seek professional guidance. You may be entitled to recover your investment losses.
The securities fraud attorneys at Haselkorn & Thibaut offer free consultations to evaluate your situation. Their extensive experience in FINRA arbitration and securities litigation means they can quickly assess whether you have a valid claim.
Call Haselkorn & Thibaut today at 1-888-885-7162 for your free consultation. Learn about your rights and options for recovering investment losses. With their “No Recovery, No Fee” promise, you have nothing to lose and potentially much to gain.
Your financial future deserves protection. If you’ve suffered losses or have concerns about your investments with Scott Jones, take the first step toward recovery today.
