David Jose Lugo, Formerly of UBS Financial Services, Facing Multiple Customer Complaints

David Jose Lugo is the subject of numerous customer complaints, many of which are still pending.

The Sonn Law Group is investigating allegations that David Jose Lugo committed misconduct. Under FINRA Rules, brokerage firms are liable for their brokers’ misconduct or negligence 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.

David Jose Lugo (CRD#: 3109426) has a total of 201 disclosures on his BrokerCheck report. All of the complaints were filed after Lugo was registered with UBS Financial Services in Puerto Rico in 2002. Carisalagen Investment, a Puerto Rico-based investment firm, has filed a complaint against UBS in federal court. They recently persuaded the court to compel testimony from Lugo.

Lugo stopped working for UBS in 2015. Many of the customer disputes on his record are still pending. Lugo’s name was referenced during the criminal case of Jose Gabriel Ramirez, Jr., who pled guilty to bank fraud charges based on allegations that he made $1 million in commissions, becoming the first UBS broker to serve jail time for charges based on UBS proprietary closed end bond funds.

Ramirez identified Lugo as someone who was either involved in, had knowledge of, or encouraged transactions in the scheme that was the basis of his conviction, according to a CNBC report. Mr. Lugo’s lawyer denies Mr. Lugo’s involvement.

Jeffrey R. Sonn is an experienced investor losses attorney. If you suffered losses because a financial professional committed acts in violation of FINRA Rules, 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.