John Maccoll, formerly with UBS Financial Services, Now Barred by SEC

–Birmingham, MI

Have you lost money with financial advisor John Maccoll of Birmingham and Rochester Hills, Michigan?  We are continuing to look into allegations made by the Securities and Exchange Commission (SEC) against John C. Maccoll.  In August 2018, the SEC alleged that Maccoll defrauded his customers out of nearly $4 million with a long-running investment scheme.  Maccoll induced customers to invest in a purportedly private investment fund, but instead, he used the funds for personal expenses.    In December 2018, the SEC barred Maccoll from the securities industry for this conduct.

John Maccoll was a financial advisor and registered representative of UBS Financial Services from 2006 to March 2018.  He worked at a branch office in Birmingham, Michigan and lives in Rochester Hills.  Maccoll has also been the subject of 14 customer complaints.

Brokerage firms like UBS Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Ann Arbor, Michigan; Denver, Colorado; and Seattle, Washington.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan.  Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in Holland, Michigan and also lived for many years in the Detroit area.  We have also represented a number of victims who had their money stolen by Michigan brokers, including Christopher Tolmacs.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including UBS Financial Services.

Click to view:  Maccoll, John SEC Complaint

Click to view:  Maccoll, John SEC Order

Click to view:  Maccoll, John BrokerCheck 8.10.18

Read Related Article:  Investigation of John Maccoll 

If you lost money with John Maccoll or UBS Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.