Costello Law Group
Representing Clients Nationwide Free Initial Consultations
Local: 410-832-8800Toll Free: 877-418-0003

Former MLB All-Star Sues UBS

Last month, former baseball all-star, Mike Sweeney sued UBS and Ralph Jackson, his former financial advisor. Sweeney is hoping to recover $7.6 million in lost savings. Sweeney claims that his UBS financial advisor mislead him into believing that the private equity investments were both safe and suitable. Sweeney alleges that he is an unsophisticated investor who trusted in the advice he had received from UBS.

According to the complaint, in a five year time period, UBS had invested $6.85 million of Sweeney's portfolio in eleven risky private equity investments which resulted in a loss of $4.9 million. Sweeney also is accusing UBS of investing an additional $2.7 million of his savings into additional private equity investments without his knowledge or consent.

If you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of The Costello Law Group at (877) 418-0003 for a free consultation.

For more information on this issue, please visit: http://www.investmentnews.com/article/20130709/FREE/130709932

No Comments

Leave a comment
Comment Information

Contact Our Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy