{"id":4630,"date":"2008-07-07T18:47:31","date_gmt":"2008-07-07T18:47:31","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/07\/exubs_broker_files_whistleblow"},"modified":"2022-03-29T15:21:01","modified_gmt":"2022-03-29T20:21:01","slug":"exubs-broker-files-whistleblow","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exubs-broker-files-whistleblow\/","title":{"rendered":"Ex-Broker Files Whistle-Blower Complaint Against UBS Financial Services"},"content":{"rendered":"

Timothy P. Flynn, an ex-UBS broker, has filed a whistle-blower complaint. Flynn alleges that UBS Financial Services<\/a> forced him to resign as part of the firm’s retaliation because he cooperated with regulators. Flynn, who sold $30 million in auction-rate securities to the Massachusetts municipalities, testified earlier this year at the request of Massachusetts Attorney General Martha Coakley. who was investigating the sale of auction-rate securities to Massachusetts municipalities.<\/p>\n

Flynn told investigators that UBS<\/a> had told its brokers that the auction-rate securities were safe alternatives to cash. Flynn claims that UBS shut him out of his office and work e-mail files soon after he gave testimony and he was told to resign or face termination.<\/p>\n

In his lawsuit, Flynn alleges that UBS knew the market could be on the brink of collapse but kept telling brokers to inform customers that the securities were safe investments. He filed his whistle-blower complaint with the Occupational Safety and Health Administration in New York. The former broker’s lawyer says his client filed the complaint to preserve his reputation and enforce his rights.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Timothy P. Flynn, an ex-UBS broker, has filed a whistle-blower complaint. Flynn alleges that UBS Financial Services forced him to resign as part of the firm’s retaliation because he cooperated with regulators. Flynn, who sold $30 million in auction-rate securities to the Massachusetts municipalities, testified earlier this year at the request of Massachusetts Attorney General […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3865,3755],"tags":[],"class_list":["post-4630","post","type-post","status-publish","format-standard","hentry","category-auction-rate-securities","category-ubs"],"yoast_head":"\nEx-Broker Files Whistle-Blower Complaint Against UBS Financial Services — Investor Lawyers Blog — July 7, 2008<\/title>\n<meta name=\"description\" content=\"Timothy P. 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Flynn alleges that UBS Financial Services forced him to resign as part of the — July 7, 2008\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Broker Files Whistle-Blower Complaint Against UBS Financial Services — Investor Lawyers Blog — July 7, 2008","description":"Timothy P. Flynn, an ex-UBS broker, has filed a whistle-blower complaint. 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