Advisor Alert: Our Attorneys Are Investigating Michael W. William Thompson For Investment Fraud
Did You Lose Money Because of Michael (Mike) Thompson?
Filed: February 21, 2024
Michael Thompson (also known as Michael William Thompson, Mike Thompson) currently has one (1) pending customer complaint. Overall, he has been the subject of three (3) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Michael W. William Thompson.
Who Is Michael W. William Thompson of UBS Financial Services, Inc.?
- Advisor Name: Michael W. William Thompson
- Aliases: Michael William Thompson, Mike Thompson
- CRD: 1111881
- Location: Irvine, California
- Current Employer: UBS Financial Services, Inc.
- Previous Firms: Shearson Lehman Hutton Inc.
- Number of Known Customer Complaints: 3
- Can Michael Thompson Be Sued: Yes, in Private Arbitration
- Can Michael Thompson’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,468,474
- Highest Settlement: $35,000
If you have suffered investment losses by Michael Thompson, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Michael Thompson For Broker Misconduct
As of this publication date, Michael Thompson has been the subject of 3 customer disputes. Let’s review them below.
In June 2023, a complaint was filed against or in reference to Michael Thompson by a customer of UBS Financial Services, Inc. alleging unsuitability, citing that the advisor group failed to consider the trustee’s best interest when managing her portfolio. The trustee further alleges that the advisor group did not execute investments or an investment strategy consistent with the strategy and goals of the trustee. Per the customer, she lost over $1,000,000 because of Mr. Thompson’s actions. As of this publication date, this claim remains pending.
In April 2012, a complaint was filed against or in reference to Michael Thompson by a customer of UBS Financial Services, Inc. alleging that that the investments in the accounts at issue were unsuitably risky, that petitioner was not informed about the status of funds that were missing or unaccounted for from the investment accounts, and that there was a delay in transferring funds out of UBS causing additional losses. Per the customer, she lost over $1,468,474. because of Mr. Thompson’s actions.
In September 1997, a complaint was filed against or in reference to Michael Thompson by a customer of Painewebber Incorporated alleging that Mr. Thompson did not make adequate disclosure of margin interest ramifications and did not provide a reasonable level of communication. Mr. Thompson settled the claim for $35,000, and some or all of this amount may have been paid by Mr. Thompson’s employer and/or insurance carrier.
How To File A Claim Against Michael Thompson of UBS Financial Services, Inc. (previously with Shearson Lehman Hutton Inc.) To Get Your Money Back
If you have questions about Michael Thompson, UBS Financial Services, Inc., Shearson Lehman Hutton Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.