Did you lose money with Steven H. Wine, formerly of UBS? If so, the attorneys at Stoltmann Law Offices in Chicago are interested in speaking to you. We represent investors who have lost money with brokerage firms in the Financial Industry Regulatory Authority (FINRA) arbitration process on a contingency fee basis. The call to us is free and attorneys are standing by to take your call.
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Steven H. Wine was accused of signing client names to a total of twenty-three redemption request forms in order to effect, without their permission, his clients’ stated objective of redeeming their investments in certain funds that provided exposure to alternative investments classes. This is against securities rules and regulations, and UBS may be responsible for money losses during this time period (October 2013 until April 2014) because they failed to reasonably supervise Wine, allowing him to make these transgressions. For these, Wine was fined $5,000 and suspended from associating with any FINRA member firm for 45 calendar days.
Wine was registered with Terra Securities Corp from May 1986 until June 1986, Mesirow Investment Services from June 1986 until August 1989, and UBS in Chicago, Illinois from August 1989 until June 2014. He is currently registered with Stifel, Nicolaus & Company Inc. in Chicago and has been since June 2014.
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