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Seth Ripple Involved in an Investor Dispute Over Margin Calls

Seth Ripple (CRD #: 2308776), a broker registered with UBS Financial Services, is involved in an investor dispute, according to his BrokerCheck record, accessed on August 11, 2021. Details are provided below.

On June 8, 2021, investors alleged that Seth Ripple failed to monitor the performance of third-party money managers resulting in forced liquidations at depressed prices. Ripple had to liquidate the securities to meet margin calls. “Margin calls” are one of the risks of margin accounts, which investors open in order to borrow money and expose themselves to more of the market. If the margin account falls below the required amount, brokers make a margin call to ask the investor to deposit more money. If the investor cannot make the required deposit, the broker may liquidate securities in order to meet requirements. Brokers should make sure their investors know about these risks. The investor is seeking $455,000; the dispute is pending.

Seth Ripple Background Information

Ripple has passed the following exams:

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

He is a registered broker in 32 states and is a registered investment adviser in Florida and Texas.

Ripple has worked with the following firms:

  • UBS Financial Services (CRD #: 8174)
  • Morgan Stanley (CRD #: 149777)
  • CitiGroup Global Markets (CRD #: 7059)
  • Lehman Brothers (CRD #: 7506)

Kurta Law Can Help

If you worked with Seth Ripple and you have concerns about your investments, contact Kurta Law today. Call 877-600-0098 or email info@kurtalawfirm.com.

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