Fineberg Gresham Investigating Claims of Stockbroker Misconduct

DALLAS – The Dallas law firm Fineberg Gresham is announcing that it is investigating claims of stockbroker fraud and misconduct.

The firm is investigating stockbroker misconduct, fraud, churning and breaches in fiduciary duty against UBS Financial Services Inc., a subsidiary of UBS AG (NYSE: UBS). The firm also represents a widow in a claim against Solomon Smith Barney after the company  and its financial advisors and brokers put her assets in aggressive, speculative financial investments although she had specifically requested and needed a more stable, conservative investment strategy.

In addition to the current claims, the firm is investigating similar claims against other major financial institutions, including Citigroup (NYSE: C), JP Morgan Chase & Co. (NYSE: JPM) and Merrill Lynch, now owned by Bank of America (NYSE: BAC).

“Not all loses in the stock market are the result of market forces.  Brokers and investment advisors have not only their clients money but their trust. Too often, brokers put their own interest above that of their clients. They choose investment strategies that are unnecessarily risky or imprudent as they result in huge fees and commissions lining the brokers pockets at the expense of their clients,”  says attorney Joel Fineberg.

Mr. Fineberg and Dean Gresham, name partners and founders of Fineberg Gresham, lead a team of attorneys and financial experts investigating potential misconduct, including unauthorized trading, misrepresentations, unsuitable risk, bad advice, fraud, excessive trading, failure to follow customers instructions and lack of diversification.