Miami Financial Advisor Barry Schwartz Faces $1 Million Complaint

Barry Schwartz, a Miami financial advisor, is the subject of a recent complaint from an investor who claims that his conduct led to damages in excess of seven figures. Schwartz has a long history of violations and complaints that should raise alarm bells among investors. Schwartz works as a broker at UBS Financial Services.

Schwartz’s BrokerCheck reports reveal two investor complaints, according to records kept by the Financial Industry Regulatory Authority. In December 2023, Schwartz was accused of misleading material fact, recommending unsuitable investing, and overconcentrating certain investments into the customer’s accounts. The complaint seeks damages of $1,000,000.

Schwartz has been the subject of complaints before. In 1997, a complaint was filed alleging that Schwartz, as a representative of Investment Management & Research, recommended unsuitable investment and omitted important facts. The complaint was resolved in 1998 for $14,000

Schwartz’s BrokerCheck Report includes, in addition to investor complaints and a disclosure of a 2013 Florida sanction. The sanctions were a result of allegations that Schwartz was operating an unregistered advisory business. Schwartz was ordered to pay $22,500 in fines and cease all violations as part of a settlement.

Schwartz’s complaints and violations history raise questions for investors who are considering working with him. Investors should thoroughly research and vet financial advisors prior to entrusting their hard-earned cash with them.

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Barry Schwartz, according to FINRA has 38 years experience in the securities sector. He has been working as a broker with UBS Financial Services in Miami, Florida since 2013. Schwartz has held positions with other firms including Sanford C. Bernstein & Company. Nationwide Investment Services Corporation and MFI Investments Corporation.

Schwartz also holds various qualifications in the securities industry, including six qualifying exams. These exams cover many topics including general securities and futures managed funds. Schwartz has 29 state licenses demonstrating his expertise and knowledge in the field.

Investors that have lost money on their investments because of the actions of financial advisers like Schwartz, have several options.

Barry Schwartz, a Miami financial advisor, is currently facing a recent complaint from an investor and a long history of violations which raises concerns among investors. Prior to making an investment decision, individuals should thoroughly research their financial advisors. Carlson Law and other law firms can assist investors in navigating the complicated process for obtaining compensation for losses on investments.

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