What Did Your Brokerage Firm or Investment Adviser Do Wrong With GWG
Published On: January 5, 2017

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Alfred William Valz exercised discretion in a customer’s account without obtaining prior written authorization from the customer or written approval of the account as discretionary from his employing member firm, which, at the time, was UBS. This is against securities laws, and as a result of this misconduct, Valz was suspended for 10 days and fined $5,000.

Valz was registered with Halle & Stieglitz Floor Bullard, Thomson McKinnon Securities, Loeb Partners, Shearson Loeb Rhoades, Merrill Lynch, Prudential Securities, Morgan Stanley and UBS Financial Services in Manasquan, New Jersey from April 2004 until May 2016. He is currently registered with National Securities Corp in Red Bank, New Jersey and has been since May 2016. He has four customer disputes against him.

Please call 312-332-4200 today to speak to one of our attorneys about your options if you suffered investment losses with Alfred Valz. His former firm, UBS, may be liable for those losses. We may be able to help you bring legal action against the firm in the FINRA arbitration forum on a contingency fee basis so please call today. The call is free with no obligation.

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