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Stephen Seiber Subject of a $1.75 Million Investor Dispute 

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
July 27, 2023 at 1:18pm

Stephen Seiber (CRD #1432535), a broker registered with UBS Financial Services, is facing a seven-figure investor dispute. This is according to his BrokerCheck record, accessed on July 20, 2023. Concerned investors should keep reading. 

On May 26, 2023, successor trustees alleged that Stephen Seiber failed to follow instructions from a now-deceased client. This allegedly led to a distribution being made to an unauthorized individual. The successor trustees are seeking $1.75 million but the dispute was denied by the firm. 

Investors should know, however, that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failure to follow instructions may violate this rule. 

Background Information 

Stephen Seiber 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 

He is registered in 27 states and is a registered investment adviser in California, Idaho, and Texas. 

Besides UBS, John Seiber has worked for the following firm: Investors Retirement & Management Corporation (CRD #: 11869) 

Kurta Law Can Help

If you worked with Stephen Seiber 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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