Stoltmann Law Offices is investigating Michael Squellati, who was discharged from UBS Financial in 2014. He was allegedly told by branch management not to transact a particular security, and he did anyway. The transaction was a duly-authorized client trade. He also allegedly misrepresented material facts related to an investment, breached fiduciary duty, committed fraud and converted funds in connection with a hedge fund investment. In 2001, Squellati was also discharged from Prudential Securities following allegations that he traded without authorization and marked “solicited” trades as “unsolicited.”
According to his Financial Industry Regulatory Authority (FINRA) Broker Check report, Michael Squellati was registered with Prudential Securities in New York, New York from October 1997 until May 2008, Bear, Stearns & Co. in Los Angeles, California from May 2001 until May 2008 and UBS in Century City, California from May 2008 until December 2014. He is currently registered with Oppenheimer & Co. in Los Angeles, California and has been since January 2015. He has two customer disputes against him. If you lost money with Squellati, you may be able to sue his former firm, UBS, in the FINRA arbitration forum. Please call our securities law firm in Chicago for a free consultation with an attorney to find out how.
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