Advisor Alert: Our Attorneys Are Investigating Steven Syslo For Investment Misconduct

Last Updated: February 2025 (Paramus, NJ)

National securities fraud lawyers at Patil Law P.C. are investigating current UBS Financial Services Inc. broker Steven Syslo (CRD #4308992) regarding allegations of unsuitable investment recommendations and misrepresentation involving energy-related securities. Multiple customer complaints have resulted in significant settlements.

Critical Insights About Paramus Financial Advisor Steven Syslo

• Advisor Name: Steven Syslo
• CRD: 4308992
• Current Employer: UBS Financial Services Inc.
• Classification: Registered Representative & Investment Adviser Representative
• Primary Location: Paramus, NJ
• Can Steven Syslo be sued in FINRA arbitration: Yes
• Customer Disputes: Three settled complaints
• Current Registrations: Licensed in 28 states
• Years of Experience: Since 2000
• Previous Employers: Morgan Stanley (2009-2016), Morgan Stanley & Co. (2008-2009)
• Professional Qualifications: Series 7, 66, SIE licenses
• Business Location: 61 South Paramus Road, Mack Center IV, Paramus, NJ 07652
• Current Status: Active with UBS Financial Services

Details Of Recent Customer Complaints

• Recent settlement of $34,203 involving allegations of misrepresentation regarding energy-related securities
• $19,000 settlement concerning unsuitable investment recommendations
• Multiple customer complaints involving mutual funds and corporate debt securities
• Pattern of allegations regarding misrepresentation and suitability issues

Analysis Of Alleged Misconduct

The pattern of complaints raises serious concerns about:

• Investment suitability practices
• Risk disclosure procedures
• Client communication methods
• Portfolio management approach
• Compliance with firm policies
• Documentation of client objectives
• Trading authorization protocols

Regulatory Framework And Investor Protection

SEC Regulation Best Interest (Reg BI) requires:

• Full disclosure of investment risks
• Suitable investment recommendations
• Clear documentation of client authorization
• Accurate representation of investments
• Protection of client interests
• Proper record keeping

FINRA Rules And Their Significance

FINRA Rule 2111 mandates:

• Reasonable basis suitability
• Customer-specific suitability
• Quantitative suitability
• Proper documentation
• Clear communication
• Risk disclosure

Red Flags For Investors

1. Multiple settled complaints
2. Energy sector investment issues
3. Suitability concerns
4. Misrepresentation allegations
5. Pattern of customer disputes
6. Significant settlement amounts
7. Corporate bond complaints
8. Documentation questions

Implications For Current And Former Clients

Current and former clients should:

• Review all account statements
• Examine investment suitability
• Verify risk disclosures
• Check account documentation
• Monitor performance reports
• Document all communications
• Assess portfolio allocations
• Consider independent review

Patil Law P.C. Will Help You Recover Your Investment Losses

If you have concerns about investments made with Mr. Syslo or questions about how your accounts were handled, please contact Attorney Patil online or call (800) 950-6553 for a free initial consultation. Our securities fraud attorneys work on a contingency fee basis, meaning we only get paid if we help you recover money.

Chetan Patil

Chetan Patil is the founder and Managing Partner of the Patil Law. He brings over 15 years of extensive experience in diverse complex disputes and transactions, across the country. Mr. Patil specializes in litigations, trials, arbitrations, and appeals of complex securities, FINRA, financial and business disputes, with an emphasis in securities, financial services, and financial regulatory law.