Back in December 2019 UBS lost an arbitration case brought by Mark Munizzi, a former UBS regional compliance officer in Chicago, whom the wirehouse fired in 2018. His claim was based on his allegations UBS defamed him with the language it put on his U5 form filed with the Central Registration Depository. The arbitration panel awarded Mr. Munizzi 11 million dollars, and UBS has been appealing the decision ever since.
AdvisorHub tracks the appeals, and UBS’ defeats here – https://www.advisorhub.com/ubss-appeal-to-vacate-11-mln-finra-award-faces-uphill-battle-lawyers/
Mark J. Astarita, Esq. is a 30-year securities arbitration veteran, having represented parties in over 600 FINRA arbitrations in 20 cities. To discuss your securities law claim, call Mark at 212-509-6544.
Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.
He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.