According to FINRA public records, former broker Martin McLaughlin has a pending customer dispute. FINRA (Financial Industry Regulatory Authority, Inc.) registers and regulates brokers and brokerage firms.
The customer dispute against McLaughlin was filed in January 2018. The claim is still pending and the damage amount requested is $529,795.34.
The dispute alleges unsuitable investments with an overconcentration of equities. Brokers must recommend only suitable investment products and strategies to their customers. Suitability is based on factors such as a customer’s age, investment objective, risk tolerance, investment experience, and financial status and needs. Brokers sometimes recommend unsuitable investments to earn large commissions that are not disclosed to their customers.
McLaughlin was most recently employed as a broker with UBS Financial Services, Inc., from August 2010 to April 2018. He is not currently registered as a broker.
If you have questions about investments made with Martin McLaughlin, contact Marquardt Law Office LLC for a free phone consultation.
Marquardt Law Office LLC is a securities law firm in Chicago, IL that represents investors nationwide who have suffered losses due to misconduct such as fraud and negligence.
Information regarding Martin Patrick McLaughlin was obtained from FINRA BrokerCheck records accessed on July 27, 2018.
