Recently filed customer complaint alleges unauthorized trading and undisclosed fees
If you’ve invested with Anibal Drelichman Jr. (CRD# 2916477) and experienced losses, you may be entitled to recovery through FINRA arbitration. A customer complaint filed in November 2024 alleges that Drelichman engaged in unauthorized trading and charged undisclosed fees, resulting in significant financial damages.
Who is Anibal Drelichman Jr?
Anibal Drelichman Jr. is a financial advisor currently registered with UBS Financial Services Inc. in Washington, DC. According to FINRA BrokerCheck records, Drelichman recently moved to UBS in November 2024 after working at RBC Capital Markets, LLC from 2017 to 2024. His industry experience spans over 25 years, having previously been affiliated with:
- Oppenheimer & Co. Inc. (2009-2017)
- Citigroup Global Markets Inc. (2005-2009)
- Morgan Stanley DW Inc. (2000-2005)
- PaineWebber Incorporated (1998-1999)
Drelichman holds Series 7, 31, and 63 licenses and is registered in 23 states and with 10 self-regulatory organizations.
Current Customer Complaint Details
A customer complaint was filed against Drelichman on November 9, 2024, alleging:
- Undisclosed Fees: The customer claims she was charged commissions that were not properly disclosed to her during 2024.
- Unauthorized Trading: On December 8, 2024, the client submitted additional allegations that unauthorized trading occurred in her account in January 2024.
- Alleged Damages: The complaint seeks $115,680.00 in damages related to OTC equity investments.
This complaint is currently pending investigation. It’s important to note that allegations have not been proven, and the matter has not yet been adjudicated.
Red Flags for Investors
The allegations against Drelichman highlight several common issues investors should be vigilant about:
- Undisclosed Fees: Investment professionals are required to clearly disclose all fees and commissions charged to your account.
- Unauthorized Trading: Brokers must have your explicit permission before executing trades in your account unless you’ve granted discretionary authority.
- OTC Securities: Over-the-counter securities often carry higher fees and risks compared to exchange-traded investments and may be unsuitable for certain investors.
How to Recover Investment Losses
If you’ve invested with Anibal Drelichman Jr. and experienced losses due to potential misconduct, you have several options for recovery:
1. FINRA Arbitration
The most common method for resolving securities disputes is through FINRA arbitration. This process is typically faster and less expensive than traditional litigation. Key benefits include:
- Specialized arbitrators with securities industry knowledge
- Typically resolved within 12-18 months
- More private than court proceedings
- Binding decisions that are difficult to appeal
2. File a Complaint with Regulators
You can file complaints with regulatory agencies such as:
- FINRA (Financial Industry Regulatory Authority)
- SEC (Securities and Exchange Commission)
- Your state securities regulator
While these complaints won’t directly recover your money, they can lead to investigations and potential regulatory actions.
3. Consult with a Securities Attorney
A specialized investment fraud attorney can:
- Evaluate the merits of your case
- Determine the best approach for recovery
- Handle all aspects of the FINRA arbitration process
- Negotiate potential settlements
Potential Claims Against Brokers and Firms
Common legal claims in cases like this include:
- Breach of fiduciary duty: Failure to act in the client’s best interest
- Negligence: Failure to exercise reasonable care
- Unauthorized trading: Executing transactions without proper authorization
- Misrepresentation and omission: Providing false information or failing to disclose material facts
- Excessive trading (churning): Trading primarily to generate commissions
- Unsuitable recommendations: Recommending investments that don’t align with the client’s objectives and risk tolerance
Time Limitations for Filing Claims
It’s critical to act promptly if you believe you’ve been harmed by broker misconduct. FINRA arbitration claims generally must be filed within:
- 6 years from the date of the events giving rise to the claim
- Some state laws may impose shorter time frames
Delaying action could result in losing your right to pursue recovery.
Free Consultation with an Investment Fraud Attorney
If you’ve suffered losses while working with Anibal Drelichman Jr. or UBS Financial Services, contact our experienced securities attorneys for a free, confidential consultation. We can:
- Review your investment documents
- Assess potential violations
- Explain your recovery options
- Represent you on a contingency fee basis (you pay nothing unless we recover money for you)
Don’t wait to explore your legal rights. Call (800) 950-6553 today or click here to speak with an investment fraud attorney about your potential claim.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute legal advice. The allegations against Anibal Drelichman Jr. mentioned in this article have not been proven and are currently pending investigation. All accused parties are presumed innocent until proven guilty.
