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Wipperfurth Founder and UBS Broker, Herman Wipperfurth: Complaints

ubs-willow-fund-lossThe securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Minnesota-based UBS broker/adviser Herman Wipperfurth.

Herman Wipperfurth has spent thirty years in the securities industry and has been registered with UBS Financial Services in Wayzata, Minnesota since 1994. Previously he was registered with Merrill, Lynch, Pierce, Fenner & Smith in New York, New York (1985-1994). Herman Wipperfurth is a registered broker and investment adviser in 26 US states and territories.

Herman Wipperfurth is the founder of The Wipperfurth Group, a branch of UBS Financial. According to his BrokerCheck report, Herman Wipperfurth is the subject of five customer complaints.

In 2010 a customer alleged Herman Wipperfurth, while employed by UBS Financial Services and The Wipperfurth Group, recommended unsuitable investments in structured products. The complaint settled for $1,000,400.

In 2008 a customer alleged Herman Wipperfurth, while employed at UBS Financial Services and The Wipperfurth Group, misrepresented an investment in auction rate securities. The complaint settled for $475,000.

In 2004 a customer alleged Herman Wipperfurth, while employed at UBS Financial Services, recommended an unsuitable investment. The complaint settled for $87,500.

In 2003 a customer alleged Herman Wipperfurth, while employed at UBS Financial Services, breached his fiduciary duty, breached contract, acted negligently, and recommended an unsuitable investment. The customer sought more than $42,000 in damages in the complaint, which was denied.

In 2001 a customer alleged Herman Wipperfurth, while employed at UBS Financial Services and The Wipperfurth Group misrepresented the risk of an investment. The customer sought unspecified damages in the complaint, which was denied.

If you have lost money investing with Herman Wipperfurth or UBS Financial Services, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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