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Michael Thomas Eustace Allegedly Misrepresented Investment Strategy

Michael Eustace (CRD #: 2814830), a broker registered with UBS Financial Services, allegedly misrepresented an investment strategy, according to his BrokerCheck record, accessed on March 14, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

In a pending dispute filed on February 7, 2023, an investor alleged that Michael Eustace misrepresented an investment strategy because the performance of the investments did not cover the full cost of carry. This misrepresentation allegedly occurred between July 1, 2022, and the date of dispute filing.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which bans the use of manipulative, deceptive, and otherwise fraudulent methods to influence investors’ decisions.

Background Information

Michael Eustace has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Michael Eustace is a registered broker in 18 states as well as the District of Columbia and Puerto Rico. He is also a registered investment adviser in California, Florida, New Jersey, and Texas.

He has also worked for the following firms:

  • Credit Suisse Securities (USA) (CRD#:816)
  • UBS Financial Services (CRD#:8174)
  • Merrill Lynch Pierce Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Michael Eustace 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. 

 

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