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David Ciprich Involved in a Dispute with an Elderly Investor

David Ciprich (CRD #: 2965402), a broker registered with UBS Financial Services, is involved in an investor dispute. This disclosure appears in his BrokerCheck record, accessed on August 14, 2023. 

On June 28, 2023, an investor’s counsel alleged that the elderly client’s best interests were not taken into consideration when David Ciprich allowed money to be withdrawn by a third party. The investor is seeking $83,715.89. The dispute was denied, but investors should know that firms can deny disputes without any external review. Following a denial, investors may still be able to recover their funds via FINRA arbitration.

FINRA Rule 2150 

FINRA Rule 2150 prohibits the improper use of investors’ funds.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Failing to consider an elderly client’s best interests may violate this rule. 

Background Information 

David Ciprich has passed the following exams: 

  • Series 65 Uniform Investment Adviser Law Examination 
  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 21 states and is a registered investment adviser in New York and South Carolina. 

David Ciprich has exclusively registered with UBS Financial Services (CRD #: 8174). 

Kurta Law Can Help

If you worked with David Ciprich and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.

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