Widow Wins $1.2M From UBS Over Annuity, Margin Loan
May 14, 2026 by Melanie Waddell
UBS Financial Services has been ordered to pay more than $1.2 million for allegations that a Florida broker recommended purchase of a variable annuity with the client’s retirement funds and used margin in the account.
The UBS client, Kelly Goldsmith, alleged breach of fiduciary duty; breach of contract; negligence; negligent misrepresentation; omission; common law fraud; and negligent supervision.
Originally Posted at Think Advisor on May 11 ,2026 by Melanie Waddell.
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