Former UBS Advisor John MacColl Sentenced over Alleged Embezzlement
Have you suffered investment losses with former UBS Advisor John Maccoll? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to various reports, former UBS Advisor John MacColl, 65, of Rochester Hills, has been sentenced to nine years in prison over his alleged embezzlement of $4,000,000.
The U.S. attorney’s office believes from 2010 to 2018 MacColl persuaded clients to send money to his personal account for investment options not available through UBS.
Reported indicate that when clients asked for documentation MacColl allegedly made false statements.
The White Law Group continues to investigate potential claims against UBS for it’s alleged failure to properly supervise MacColl. For more information on that investigation, visit John MacColl Charged with $4 Million Fraud Scheme.
Under FINRA rules and regulations, Broker-Dealers are responsible for supervising the actions of those advisors registered with their firm, and therefore may be held liable for the actions of their Broker(s).
For a free case evaluation or to discuss any other investment losses with former UBS advisor John MacColl, please contact The White Law Group, at 888-637-5510, or visit us on the web at www.whitesecuritieslaw.com.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.