ROSS SCOTT JONES at UBS FINANCIAL SERVICES INC. – View Complaints, Disclosures, Scams and Audit Report (Updated 2023)

CRD# 4582956
ROSS SCOTT JONES is an Investment Adviser, associated with UBS FINANCIAL SERVICES INC. located at LEAWOOD, KS. ROSS JONES’s Central Registration Depository (CRD) number is 4582956 and the FINRA Profile can be found at – https://brokercheck.finra.org/individual/summary/5134112.

Disclosure #1 for ROSS JONES

    • Event Date: 8/13/2008
    • Disclosure Type: Customer Dispute
    • Disclosure Resolution: Settled
    • Disclosure Detail :: Allegations: CLIENT ALLEGES THAT THE AUCTION RATE SECURITIES WERE PURCHASED IN THE ACCOUNT BASED ON THE RECOMMENDATIONS THAT THESE SECURITIES WERE SAFE AND WOULD BE LIQUID IN NO MORE THAN 35 DAYS. DAMAGES ESTIMATED TO BE IN EXCESS OF $5,000.
    • Damage Amount Requested: $5,000.00
    • Settlement Amount: $9,600,000.00
    • Arbitration Docket Number:
    • Broker Comment: RISK OF FAILED AUCTION FULLY DISCLOSED AND DISCUSSED MULTIPLE TIMES WITH CLIENT. CLIENT SUBSEQUENTLY WROTE TO BRANCH MANGER ADVISING THAT HE DID NOT INTEND TO MAKE A COMPLAINT AGAINST FA. THE COMPLAINT AROSE IN CONNECTION WITH THE INDUSTRY WIDE BREAKDOWN OF THE LIQUIDITY IN THE MARKET FOR AUCTION RATE SECURITIES (\ARS\). THE FIRM AGREED TO REPURCHASE THE ARS SECURITIES AT ISSUE AT PAR VALUE FROM THE CLIENT PURSUANT TO A GLOBAL REPURCHASE AGREEMENT IT ENTERED INTO WITH SEVERAL REGULATORY BODIES. THIS WAS NOT A SETTLEMENT OF A DISPUTE BETWEEN THE CLIENT AND THE REPRESENTATIVE AND WAS NOT BASED ON THE MERITS OF THE CLIENT’S SPECIFIC CONCERNS OR ANY FINDING OF FAULT OR WRONGDOING BY THE NAMED REPRESENTATIVE. THE NAMED REPRESENTATIVE WAS NOT A PARTY TO, AND DID NOT AGREE TO OR PARTICIPATE IN, THE REPURCHASE AGREEMENT BETWEEN THE FIRM AND THE RELEVANT REGULATORY BODIES. THE NAMED REPRESENTATIVE DID NOT MAKE ANY PAYMENTS TO THE CLIENT AND THE NAMED REPRESENTATIVE WAS NOT ASKED TO AND DID NOT CONTRIBUTE TO THE SETTLEMENT AMOUNT. THE LISTED \SETTLEMENT AMOUNT\ REPRESENTS ONLY THE GROSS INITIAL PAR VALUE OF THE ARS POSITION AND DOES NOT TAKE INTO ACCOUNT THE ACTUAL VALUE OF THE ARS POSITION AT THE TIME THE FIRM RECEIVED IT BACK FROM THE CLIENT IN CONNECTION WITH THE SETTLEMENT. THIS MATTER IS BEING REPORTED AS A SETTLEMENT PURSUANT TO THE REQUIREMENTS OF FINRA REGULATORY NOTICE 09-12.


Should I file a FINRA complaint against brokers like ROSS SCOTT JONES?

Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.

Update - 2022.11.15If you have suffered investment losses that may have been caused by ROSS SCOTT JONES’s negligence or fraud, contact a FINRA lawyer today. Most FINRA lawyers work on a contingency fee basis, meaning that you will not be charged for their services unless they successfully collect money for you. Kindly add a comment, or contact us directly if you have any query, or want to be contacted by a FINRA lawyer today!

 
BrokerAudit.com helps you make informed choices about brokers and brokerage firms and provides easy access to investment adviser information. Our database reports whether a person or firm is registered, as required by law, to sell securities (stocks, bonds, mutual funds, and more), offer investment advice, or both. We provide you with a snapshot of a broker’s employment history, regulatory actions, investment-related licensing information, arbitrations, and complaints, and allow users to share their experiences and reviews with these brokers and brokerage firms.


Frequently Asked Questions About ROSS SCOTT JONES

What is ROSS JONES's Central Registration Depository (CRD) Number?

4582956

Which firm is ROSS SCOTT JONES associated with?

UBS FINANCIAL SERVICES INC.

Where is ROSS JONES located?

ONE HALLBROOK PLACE, LEAWOOD, KS, 66211-2298

Where can I find more details about ROSS JONES's Investment Firm?

Visit https://brokercheck.finra.org/firm/summary/8174 to read a detailed report for UBS FINANCIAL SERVICES INC.

Are there any disclosures, allegations or complaints filed against ROSS SCOTT JONES?

Yes. There are disclosures, allegations, or complaints filed against ROSS SCOTT JONES. Click here to view all details

Where can I download a detailed FINRA report for ROSS JONES?

Click here to download a detailed FINRA report for ROSS JONES

Is it safe to do business with ROSS SCOTT JONES?

We’re not sure. Please research ROSS JONES’s disclosures, allegations and complaints before taking a decision


Report Inaccuracy
Disclaimer

All information displayed on this page is publicly available information under SEC guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by FINRA. BrokerAudit.com does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry. The inclusion of a person or entity in the BrokerAudit Database is not intended to suggest or imply that they have engaged in illegal or improper conduct related to FINRA. BrokerAudit.com intends to offer a platform where suspicious activities can be shared and discussed in a secure environment.



 

Share your experience with this broker

Leave a reply

Broker Audit
Logo
Register New Account