Five customer disputes, two pending, two denied, and one closed with no action
Did you lose money investing with Jose Cornide? Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct and investors may be able to their investment through FINRA arbitration. Contact Sonn Law Group today or call us at 866–827–3202 for a free consultation.
UBS Financial broker Jose M. Cornide (CRD# 2785918) is currently involved in two pending customer disputes equaling over $10M in alleged damages.
According to FINRA’s BrokerCheck, in his 22-year industry career, Cornide has been with two employers: UBS Financial Services of Miami, FL (2004 — present) and Goldman Sachs of New York, NY (1996–2004).
Cornide has five disclosures in his FINRA record, all customer disputes, two pending, two denied, and one closed with no action.
In June 2019, while with UBS, a client’s counsel alleged unsuitability and misrepresentation involving Cornide’s advice regarding investment strategies and recommendations to hold the strategy from 8/2016 to present. The product involved was an in-house wrap fee. The client alleged damages of $1,200,000. This claim is in arbitration and pending.
In April 2019, another of Cornide’s clients claimed unsuitability and misrepresentation, again regarding recommendations to hold an options overlay strategy. The product was also an in-house wrap fee, with requested damagess totalling $10M. That claim is also pending and in arbitration.
Cornide had another customer dispute filed against him in 2019 customer alleging fraud and unsuitable investment recommendations from 2017 to 2019, with requested damages of approximately $5,000. The claim was denied.
In 1998, while employed with Goldman Sachs, a client alleged that Cornide failed to follow instructions in connection with the purchase of securities, and sought damages in the amount of $113,650. This claim was closed with no action.
Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional or corporate executive misappropriated funds, Mr. Sonn will protect your rights and interests. Please do not hesitate to contact the Sonn Law Group today for a free review of your claim.