FT. LAUDERDALE, Fla., Oct. 24, 2018 /PRNewswire/ -- The
law firms of Mark A. Tepper, P.A. and Lombana Hoelle Trial Law have filed a claim against UBS
Financial Services [NYSE: UBS] on behalf of an Argentinian widow and her three children.
The Claim contends that UBS failed to supervise its broker, ALEX GERARDO HERRERA, who
misappropriated the widow's and her children's funds to build a vacation home for himself. Herrera operated from the UBS
Coral Gables, Florida Branch which focused on serving the investment needs of foreign clients,
primarily from Latin America, the Claim alleges.
"The UBS broker's outside investment scheme involved the purchase of an unfinished villa in Coral
Gables, Florida. The broker's scheme was to acquire the property and complete construction, using Claimants' funds, and
then sell it, keeping the profit for himself. Next, utilizing Claimants' funds from the sale of [the property], the broker bought
property in North Carolina and proceeded to build a vacation home for himself," the Claim
alleges.
In addition to other FINRA rule violations, the Claim also contends that [UBS] "charged the widow and her children commission
and fees, in excess of $500,000, while generating no profit or investment returns as the stock
market was doubling."
The law firms of Mark A. Tepper, P.A. and Lombana Hoelle Trial Law are continuing
investigations into alleged claims against UBS and other brokers. If your broker was Alex Herrera,
or you have information related to the Claim against UBS contact either law firm. To contact attorney Mark Tepper, email askmark@marktepper.com or call (954) 961-0096. To contact attorney Maria Isabel
Hoelle, email mhoelle@lhtrial.law or call (305)
859-0092.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New
York Attorney General's Bureau of Investor Protection and Securities. He has earned the reputation of "Investor Advocate"
while practicing law for over 40 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims
filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 18 consecutive years as AV PREEMINENT® for
ethical standards and legal ability. It's the highest rating of lawyers in the Martindale-Hubbell Law Directory.
About Lombana Hoelle Trial Law (www.lhtrial.law)
Maria Isabel ("Mary) Hoelle is an experienced civil litigator with
over 30 years of experience representing individuals and corporations involving multi-million-dollar disputes before federal and
state courts and arbitration panels. Ms. Hoelle's practice incorporates cross-border issues specifically involving Latin America. She is a member of the Florida Bar and is also admitted to practice in the US District
Courts for the Southern, Middle and Northern Districts of Florida. Ms. Hoelle has been rated AV
Preeminent® for both legal and ethical standards by the Martindale-Hubbell Law Directory and named to its register of Preeminent
Women Lawyers.
Ms. Hoelle is fluent in Spanish.
MEDIA CONTACT:
Mark Hopkinson, NewsMark Public Relations
561-852-5767 mhopkinson@newsmarkpr.com
http://www.newsmarkpr.com
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SOURCE Mark A. Tepper, P.A.