Ex-UBS, Wells Adviser Hit With $500K Clawback, $6M in Complaints


A former UBS and Wells Fargo advisor was ordered by an arbitration panel to pay an ex-employer more than $500,000 – which may only be the opening chapter of his latest problems.

Miguel Mattei Zapata was ordered by FINRA to reimburse Wells Fargo for failure to pay back a promissory note, and still must answer seven client complaints that allege more than $6 million in damages for misconduct at his most recent employer, UBS.

More here: http://www.onwallstreet.com/news/regulatory_compliance/ex-ubs-wells-advisor-hit-with-500k-clawback-6m-in-client-complaints-2692249-1.html