UBS Financial Services Fires Justin Fendrick
Justin Fendrick (CRD #:6801510), a formerly registered broker, was recently fired by UBS Financial Services according to his BrokerCheck record, accessed on February 2, 2022.
On October 18, 2021, UBS Financial Services fired Justin Fendrick after allegedly violating firm policies by failing to obtain required “Know Your Customer” information from several clients and subsequently creating records that purported to reflect that information.
1. FINRA Rule 2090 (Know Your Customer)
Registered brokers are responsible for ensuring that the essential facts concerning their customers are accurate and updated in accordance with FINRA Rule 2090.
2. FINRA Rules 4511 and 2010
FINRA requires firms to maintain accurate records. FINRA Rule 4511 states that firms “shall make and preserve books and records as required under the FINRA Rules, the Exchange Act and the applicable Exchange Act rules.” FINRA Rule 4511 applies to customer account information, communications between brokers and investors, as well as records of written customer complaints.
By allegedly causing UBS Financial Services to make or preserve inaccurate records, Justin Fendrick also violated FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.
Justin Fendrick has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 7TO – General Securities Representative Examination
- SIE – Securities Industry Essentials Examination
Besides, UBS Financial Services Justin Fendrick has not worked with any other firm.
Kurta Law Can Help
If you have been victimized after working with Justin Fendrick, don’t hesitate to contact us today at 877-600-0098 or email@example.com for a free consultation.
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