October 15, 2015
Qui Hong Lam , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she falsified documents related to customer accounts, by altering already-signed documents without the customers’ knowledge or consent in violation of FINRA Rules.
On June 9, 2014, UBS Financial, her employing firm, terminated her association with UBS and made the following disclosure:
“THE FIRM LOST CONFIDENCE IN HER ABILITIES TO PERFORM THE RESPONSIBILITIES OF HER ROLE, FOR REASONS INCLUDING .,. MAKING CHANGES TO ACCOUNT DOCUMENTS AFTER THEY WERE SIGNED BY THE CLIENT.”
AWC No. 2014041497101
Lam was suspended for 45 days and fined $5,000.
According to FINRA records, Lam was registered with UBS Financial Services from 11/2011-6/2014. She is not currently registered.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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