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WARNING: William Hightower of UBS is Now BARRED – Houston, TX

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May

WARNING: William Hightower of UBS is Now BARRED – Houston, TX

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WARNING:  William Hightower of UBS is Now BARRED – Houston, TX

William Hightower, formerly with UBS Financial Services, Barred by SEC

Have you lost money with financial advisor William Hightower of Houston, Texas?  We are continuing to look into allegations made by the Securities and Exchange Commission (SEC) against Hightower.  Hightower was barred from the securities industry by the SEC, after he pleaded guilty to wire fraud when he stole money from his customers. 

William Hightower was previously the subject of an action by FINRA, the Financial Industry Regulatory Authority. FINRA barred Hightower from the securities industry, after he failed to respond to a FINRA investigation that he referred customers to an unapproved private securities transaction

William A. Hightower was a financial advisor and registered representative of UBS Financial Services from 2007 to September 2013.  He was also affiliated with Legacy Asset Securities from September 2013 to June 2015.  Hightower’s BrokerCheck report discloses that he is currently the subject of a $1,000,000 customer complaint, wherein the customer alleges that he made unsuitable investment recommendations and unauthorized trades between 2009 and 2013.  Hightower also filed for bankruptcy in 2005.

Brokerage firms like UBS Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in the Houston area and throughout Texas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including UBS Financial Services.

IF YOU LOST MONEY WITH WILLIAM A. HIGHTOWER OR UBS FINANCIAL SERVICES, PLEASE CONTACT US AT 720-599-3505 FOR A FREE EVALUATION OF YOUR CASE.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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