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UBS’s Jason Stephens: Regulatory Sanctions, Employment Termination

Jason Stephens

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on September 26, 2018 indicate that Florida-based UBS Financial Services broker/adviser Jason Stephens has received regulatory sanctions and was discharged from a former employer in connection to alleged rule violations. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Stephens (CRD# 3053046).

Jason Stephens has spent 20 years in the securities industry and has been registered with UBS Financial Services in Naples, Florida since 2007. Previous registrations include Morgan Stanley & Company in Naples, Florida (2007) and Morgan Stanley DW in Naples, Florida (1998-2007). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 17, 1998; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on July 29, 1998; Series 31 (Futures Managed Funds Examination), which he obtained on August 4, 1998; and Series 7 (General Securities Representative Examination), which he obtained on July 16, 1998. He is a registered broker and investment adviser with 34 US states and territories.

According to his BrokerCheck report, he has received two regulatory sanctions and two denied customer complaints, and he was discharged from a former employer in connection to alleged rule violations.

In July 2018 a customer alleged Jason Stephens, while employed at UBS Financial Services, misrepresented material facts, committed fraud, and embezzled funds. The customer sought more than $147,300 in damages in the complaint, which was denied.

In 2009 the State of Florida sanctioned him in connection to allegations he allowed a trainee to complete portions of a required continuing education course on his behalf. He was issued a fine of $5,000 and a 10-day suspension.

In 2009 FINRA sanctioned him in connection to allegations he “permitted a trainee to complete portions” of continuing education courses for his own designation as a Certified Financial Planner, or CFP. He was issued a fine of $5,000 and a 10-day suspension.

In 2007 he was terminated from his position at Morgan Stanley in connection to allegations he “directed another employee to view two online continuing education courses, and to take at least a portion of the tests at the end of the courses, in order to meet” certain requirements.

In 2005 a customer alleged Jason Stephens, while employed at Morgan Stanley DW, failed to follow instructions and recommended unsuitable investments. The customer sought $50,000 in damages in the complaint, which was denied.

If you have lost money investing with Jason Stephens, call Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited by law, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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