The Financial Industry Regulatory Authority (FINRA) barred Jeffrey Howell, a former broker with UBS Group AG’s wealth management unit. Howell allegedly provided a customer with false weekly account statements over a period of six years. From September 2008 until November 2014, Howell allegedly overvalued the customer’s account by as much as $3 million, according to a settlement notice by FINRA. He also allegedly altered three UBS account statements to hide the inaccuracies in the reports. He allegedly created and sent more than 300 weekly “Stock Tracking Reports” that were supposed to reflect the value of the customer’s portfolio, but, in fact, misstated it in amounts ranging from $289,000 in September 2008 to about $3 million in November 2014, according to the notice. Mr. Howell also allegedly used his personal email account to send some of the false reports. Howell was terminated from UBS in 2014.
According to his online FINRA BrokerCheck report, Jeffrey Howell was registered with UBS Financial Services in Chesterfield, Missouri from September 2002 until November 2014. He has two customer disputes against him, one of which is currently pending. He is not licensed within the industry and FINRA has permanently barred him. Please call our securities law firm today at 312-332-4200 to speak to an attorney about your options of bringing legal recourse against UBS for failing to properly supervise Mr. Howell. The firm may be responsible for your losses. The call is free with no obligation. We take cases on a contingency fee basis only.
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