Who is Michael Lappin (CRD#: 2510358)?Everything you need to know about Michael Lappin and their accolades
Financial advisor Michael Lappin has been in the industry for ten years and is based in Raleigh, North Carolina. Lappin works for UBS Financial Services, Inc. They have worked only for UBS Financial Services Inc. for their whole career. Lappin is qualified to provide client advice in North Carolina and Texas since they hold Series 63 and Series 65 licenses, certifying them as both securities agents and investment advisor representatives.
Michael began working in the financial sector in 1994 and joined UBS in 2012. He has particular expertise in marketing, client relations, and investment strategy. Michael brings a structured, consultative approach to a client’s investments and has earned the Certified Investment Management AnalystSM (CIMA®) credential from the Investment Management Consultants Association, Inc. (IMCA) since 1999.
Services Offered by Michael Lappin:
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting services, Selection of other advisers
- Publication of periodicals or newsletters
- Security ratings or pricing services
- Educational seminars/workshops.
On 6 Feb 2012, UBS Wealth Management Americas said that it has hired more than six financial advisors from Merrill Lynch, Morgan Stanley Smith Barney, and Alliance Bernstein. These advisers, who individually manage more than $1 billion in assets and produced over $7 million in revenue in the previous year, are now employed by UBS Wealth Management Americas.
The U.S. brokerage arm of UBS engaged the Steve Eubanks and Michael Lappin-led Eubanks Lappin Group to work in Raleigh, North Carolina. The old Bank of America Merrill Lynch team handled $750 million in client assets while generating around $4 million in income.
In this article, we will go deep into Michael Lappin’s past, discovering hidden disclosures and analyzing the consequences of the lawsuits.
About UBS Financial Services:History, achievements, leadership, lawsuits, & disputes
What is UBS Financial Services?
UBS Financial Services is a global financial services company that provides a wide range of financial products and services to individuals, corporations, and institutions. The company has a long history in the financial services industry, dating back to its founding in Switzerland in 1862. Today, UBS is one of the largest and most well-known financial institutions in the world, with a presence in over 50 countries and a vast network of clients.
The primary goal of UBS Financial Services is to help clients achieve their financial objectives through a combination of expert advice, innovative solutions, and exceptional service. The company prides itself on its ability to provide tailored solutions to meet the unique needs of each client, whether they are looking to build wealth, preserve capital, or generate income. In this article, we will explore the various products and services offered by UBS Financial Services, as well as discuss some of the investment options available to clients.
One of the key factors that set UBS Financial Services apart from other financial institutions is its commitment to client satisfaction. The company believes that by putting the needs of its clients first and maintaining a strong focus on ethical business practices, it can build long-lasting relationships and create lasting value for both its clients and the company itself. This approach has helped UBS Financial Services establish itself as a trusted partner to clients around the world, and it continues to drive the company’s success today.
UBS Financial Services Products and Services
UBS Financial Services offers a comprehensive range of financial products and services designed to meet the diverse needs of its clients. These offerings can be broadly categorized into four main areas: wealth management, asset management, investment banking, and retail banking.
Wealth Management
Wealth management is a core focus of UBS Financial Services, and the company provides a wide range of solutions to help clients manage their wealth effectively. These services include financial planning, investment management, estate planning, and tax planning. UBS Financial Services also offers specialized services for high-net-worth individuals and families, such as philanthropy and family office services.
Asset Management
Asset management services from UBS Financial Services are designed to help clients maximize their investment returns while managing risk. The company offers a variety of investment solutions, including equities, fixed-income, real estate, and alternative investments. UBS Financial Services also provides customized solutions to meet the specific needs of institutional clients, such as pension funds and endowments.
Investment Banking
UBS Financial Services’ investment banking division provides a range of services aimed at helping clients raise capital, manage risk, and execute transactions. These services include mergers and acquisitions advisory, debt and equity capital markets, and corporate lending. The company also offers research and analytics to help clients make informed investment decisions.
Retail Banking
In addition to its wealth management and investment banking services, UBS Financial Services also operates a retail banking division. This division offers a variety of banking products and services to individual clients, such as checking and savings accounts, credit cards, mortgages, and personal loans.
UBS Financial Services Investment Options
When it comes to investing, UBS Financial Services offers a wide range of options to help clients achieve their financial goals. These options can be broadly categorized into three main areas: traditional investments, alternative investments, and structured products.
Traditional Investments
Traditional investments offered by UBS Financial Services include equities, fixed income, and mutual funds. Clients can choose from a variety of investment strategies and styles, such as value, growth, or income-focused approaches. The company also offers access to a global network of investment managers, allowing clients to diversify their portfolios across different geographies and sectors.
Alternative Investments
Alternative investments are designed to provide clients with additional diversification and potential sources of return that may not be available through traditional investment channels. UBS Financial Services offers a range of alternative investment options, including hedge funds, private equity, real estate, and commodities. These investment options are typically available to qualified investors, such as high-net-worth individuals and institutions.
Structured Products
Structured products are financial instruments that combine various elements, such as derivatives and traditional securities, to create unique risk-return profiles tailored to specific investor needs. UBS Financial Services offers a wide range of structured products, including equity-linked notes, principal-protected notes, and structured funds. These products can help clients enhance their returns, manage risk, or achieve specific investment objectives.
UBS Financial Services Lawsuit
While UBS Financial Services is a well-respected financial institution, it is important to note that the company has faced legal issues. One notable example is the lawsuit filed against the company in 2008 by the U.S. Securities and Exchange Commission (SEC) for alleged fraud related to the sale of auction-rate securities.
The SEC alleged that UBS Financial Services had misled customers by falsely representing that auction rate securities were safe, liquid investments when, in fact, the market for these securities had become increasingly illiquid. As a result, many investors were unable to sell their auction-rate securities, resulting in significant losses.
UBS Financial Services ultimately settled the lawsuit in 2008, agreeing to repurchase an approximately 150 million fine. The company also implemented a series of internal reforms to improve its risk management and compliance processes.
SEC Fraud Charges
In addition to the auction rate securities lawsuit, UBS Financial Services has faced other legal issues related to securities fraud. In 2015, the company settled with the SEC for $19.5 million over allegations that it had failed to adequately disclose the risks associated with complex mortgage-backed securities it sold to investors between 2011 and 2014. The company neither admitted nor denied the allegations as part of the settlement.
It is important for potential clients to be aware of these past legal issues when considering working with UBS Financial Services. While the company has taken steps to address these issues and improve its internal processes, investors should carefully evaluate their options and weigh the potential risks and benefits of working with any financial institution.
What is SEC?
The Securities and Exchange Commission (SEC) in the United States is a federal government regulatory agency that works independently. Its main responsibility is to safeguard investors, ensure the securities markets operate in a fair and orderly manner, and facilitate capital formation.
Michael Lappin Disclosures: BrokerCheck, FINRA, And SEC ReportsEvery complaint, disclosure, litigation against Michael Lappin
The brokerCheck report of Michael Lappin includes information such as employment history, professional qualification, disciplinary actions, criminal convictions, civil judgment, and arbitration awards as well as disclosure events.
In this case, the broker has been reported along with the notification regarding a customer dispute.
This type of disclosure event involves:
(1) a consumer-initiated, investment-related arbitration or civil suit containing allegations of sales practice violations against the individual broker that was dismissed, withdrawn, or denied; or
(2) a consumer-initiated, Investment-related written complaint containing allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000, forgery, theft, or misappropriation, or conversion of funds or securities, which was closed without action, withdrawn, or denied.
The customer claims inappropriate investments in her accounts in this case. The client does not assert any particular compensatory damages.
FINRA’s BrokerCheck
individual_2510358.pdf (finra.org)
SEC Litigations & Forms
Source: Michael Lappin – SEC Site Search Search Results
Michael Lappin Lawsuits, Legal Battles, & DisputesActive database of all lawsuit documents (subject to availability) against Michael Lappin
Most court cases filed in the United States of America are archived on CourtListener, UniCourt, Law.com, Justia, Trellis.law, and Law360. If Michael Lappin has been involved in any such lawsuits, then you can find the documents using the links down below:
There might be more pending lawsuits against Michael Lappin which are not listed on these directories. Lawsuit files are often deleted from online directories. So if you cannot find any lawsuits against Michael Lappin on these websites, you can contact the local authorities and check if they have a physical copy of any cases.
CourtListener
UniCourt
Law.com
Law360.com
Trellis.law
Justia
Michael Lappin Complaints, Class Action Lawsuits & Legal BattlesRead all class action lawsuits and SEC complaints against Michael Lappin (if available)
The following websites/directories are the best sources for finding complaints, litigations, and disputes against finance advisors. You can find all the complaints against Michael Lappin using the websites down below:
Sonn Law Group
SEC.gov
White Law Group
MDF Law
Israels & Neuman, PLC
Klayman Toskes
You can contact the law firms mentioned above if facing issues with Michael Lappin or any financial advisor.
Better Alternatives To Michael Lappin (By Experts):Find the top 3 alternatives to Michael Lappin
Manages Assets Worth
- $714,587,898,072
Services
- Financial planning
- Portfolio management
- Pension consulting
- Selection of other advisors
- Publication of periodicals
Manages Assets Worth
- $173,418,270,044
Services
- Financial planning
- Portfolio management
- Portfolio assessment
Manages Assets Worth
- $46,803,858,104
Services
- Portfolio management
