Our firm is investigating UBS Financial Services Inc. broker and investment adviser representative David Edward Fitch (CRD# 4443904) of Chicago, Illinois in connection with a pending customer dispute reported through FINRA BrokerCheck.
According to his BrokerCheck report, Fitch has been registered with UBS Financial Services Inc. since December 2001 as a broker and since March 2002 as an investment adviser representative. His record reflects one pending customer dispute disclosure.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, David E. Fitch is currently registered with:
- UBS Financial Services Inc. — broker registration since 12/12/2001
- UBS Financial Services Inc. — investment adviser representative registration since 03/18/2002
FINRA reports no prior securities-firm registrations for Fitch. His employment history states that he has worked with UBS Financial Services since June 2001 as a client service associate in Chicago, Illinois.
Fitch has passed the Series 7, Series 3, Series 31, and Series 66 examinations.
David Edward Fitch Allegations and Investor Complaint Explained
FINRA BrokerCheck reflects one pending customer dispute involving David E. Fitch.
According to the disclosure, the client alleges that her accounts were liquidated and converted to cash without her authorization during the period from October 20, 2010 through October 22, 2010.
The disclosure identifies the investments involved as open-ended mutual funds, including money market funds.
Customer Complaint: Alleged Unauthorized Liquidation of Accounts
The BrokerCheck disclosure identifies UBS Financial Services Inc. as the employing firm when the alleged activities occurred.
The disclosure provides the following information:
- Disclosure Type: Customer Dispute — Pending
- Firm: UBS Financial Services Inc.
- Allegations: Client alleges her accounts were liquidated and converted to cash without her authority
- Time Period: 10/20/2010 to 10/22/2010
- Product Type: Open-ended mutual funds, including money market funds
- Alleged Damages: Listed as $0.00, with damages estimated to be in excess of $5,000
- Date Complaint Received: 06/24/2026
- Complaint Pending: Yes
- Written Complaint: Yes
- Oral Complaint: No
- Arbitration or Civil Litigation: No
Disclosure Summary
- Customer Dispute — Pending
- Firm involved: UBS Financial Services Inc.
- Allegation: Accounts were allegedly liquidated and converted to cash without client authorization
- Time period: October 20–22, 2010
- Products: Open-ended mutual funds, including money market funds
- Estimated damages: More than $5,000
- Complaint received: June 24, 2026
- Written complaint: Yes
- Arbitration/civil litigation: No
- Status: Pending
Conclusion
Investors reviewing this disclosure should understand that the complaint against David Fitch remains pending and the allegations have not been proven or formally adjudicated.
FINRA explains that a pending disclosure involves allegations that may be contested or unresolved and that such matters may ultimately be withdrawn, dismissed, resolved in favor of the broker, or concluded through a negotiated settlement without an admission or finding of wrongdoing.
Investors considering doing business with David Edward Fitch may want to review his complete FINRA BrokerCheck report under CRD# 4443904 for the most current information regarding his registration and disclosure history.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Unauthorized trading or liquidation allegations can raise serious concerns when securities are allegedly sold or converted to cash without a customer’s permission or appropriate authority. Depending on the circumstances, investors may suffer market losses, tax consequences, missed investment opportunities, or other financial harm.
In Fitch’s reported disclosure, the client alleges that her accounts were liquidated and converted to cash without authorization over a three-day period in October 2010. The complaint estimates damages at more than $5,000 and remains pending.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unauthorized trading, unsuitable recommendations, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.