Investors Allege Jack Riley Failed to Follow Instructions

Jack Riley (CRD #: 4306836), a broker registered with UBS Financial Services, allegedly failed to follow clients’ instructions, according to his BrokerCheck record, accessed on August 7, 2022. If you want to know more about Jack Riley’s conduct as a broker, keep reading.

Investor Disputes

On May 24, 2022, an investor filed a dispute alleging that Jack Riley failed to follow her instructions by liquidating all of her stock between October 1, 2021, and November 9, 2021. The client also alleges that he failed to make her aware of a restriction in her managed account concerning the concentration of her equity. This dispute is currently pending.

In a dispute filed on February 20, 2014, an investor alleged that Jack Riley failed to follow instructions regarding the execution of an agreed-upon plan between April 15, 2011, and February 20, 2014. This dispute was denied by the firm.

However, investors should know that firms don’t need to allow an outside review before denying a dispute. Investors can seek out FINRA arbitration after a denial and potentially recover their losses.

FINRA Rules 2020 and 2010

The omission of information violates FINRA Rule 2020, which bans the use of deceptive and manipulative tactics to influence investors’ decisions.

Failure to follow an investor’s instructions violates FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and ethical conduct.

Background Information

Jack Riley has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Jack Riley is a registered broker in 43 states and the District of Columbia. He is also a registered investment adviser in Delaware, New Jersey, and Texas.

He has also worked for Morgan Stanley (CRD#:149777) and Citigroup Global Markets (CRD#:7059).

Kurta Law Can Help

If you worked with Jack Riley and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.