FINRA Arbitration filed against UBS over investment losses.

CHICAGO - June 17, 2013 - PRLog -- The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim against UBS Financial Services.  The claim seeks to recover losses of approximately $350,000.

The claim, filed by The White Law Group, was submitted to FINRA Dispute Resolution on behalf of two retired New York residents alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision. The claim further alleges that UBS unsuitably invested and over-concentrated its clients in equities.

Before recommending an investment, a broker-dealer has a responsibility to ensure that the investment is appropriate for the client in light of the client's age, investment experience, net worth, and investment objectives.  This duty is often called the "Know Your Customer Rule."  It is alleged that UBS failed to assess whether the investments selected for these clients were appropriate in light of their particular situation.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses and is an alternative to filing such claims in court.

For more information on the claim filed by The White Law Group, please contact the firm's Chicago office at 312-238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm (http://www.prlog.org/11972276-finra-arbitration-filed-aga...) with offices in Chicago, Illinois and Boca Raton, Florida.  For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit http://www.whitesecuritieslaw.com.