wilson dennis colberg trigo - finra brokercheck report

BrokerCheck Report

WILSON DENNIS COLBERGTRIGO CRD# 1226126 Report #84168-78190 , data current as of Friday , September 06 , 2013.

Section Title Pagels)

Report Summary

Broker Qualifications 2 - 4

Registration and Employment History 5

Disclosure Events 6

About BrokerCheck®

BrokerCheck offers information on all current-and many former-FINRA-registered securities brokers, and all current and former FINRA-registered securities firms . FINRA strongly encourages investors to use BrokerCheck to check the background of securities brokers and brokerage firms before deciding to conduct, or continue to conduct, business with them.

• What is included in a BrokerCheck report? BrokerCheck reports for individual brokers include information such as employment history , professional qualifications, disciplinary actions , criminal convictions, civil judgments and arbitration awards. BrokerCheck reports for brokerage firms include information on a firm 's profile , history, and operations, as well as many of the same disclosure events mentioned above. Please note that the information contained in a BrokerCheck report may include pending actions or allegations that may be contested , unresolved or unproven. In the end, these actions or allegations may be resolved in favor of the broker or brokerage firm , or concluded through a negotiated settlement with no admission or finding of wrongdoing.

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o information FINRA and/or the Securities and Exchange Commission (SEC) require brokers and brokerage firms to submit as part of the registration and licensing process , and

o information that regulators report regarding disciplinary actions or allegations against firms or brokers.

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WILSON D. COLBERGTRIGO

CRD# 1226126

Currently employed by and registered with the following FINRA Firm(s):

UBS FINANCIAL SERVICES INC. 250 MUNOZ RIVERA AVENUE SAN JUAN, PR 00918 CRD# 8174 Registered with this firm since: 10/12/1987

UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO 250 MUNOZ RIVERA AVENUE SAN JUAN, PR 00918 CRD# 13042 Registered with this firm since: 03/27/1991

User Guidance

Report Summary for this Broker

This report summary provides an overview of the broker's professional background and conduct. Additional information can be found in the detailed report.

Broker Qualifications

This broker is registered with:

• 9 Self-Regulatory Organizations

• 10 U. S. states and territories

Is this broker currently suspended or inactive with any regulator? No

This broker has passed:

• 0 Principal/Supervisory Exams

• 1 General Industry/Product Exam

• 1 State Securities Law Exam

Registration History

Disclosure Events

Disclosure events are certain criminal matters; regulatory actions ; civil judicial proceedings; customer complaints , arbitrations, or civil litigations; employment terminations ; and financial matters in which the broker has been involved.

Are there events disclosed about this broker? Yes

The following types of disclosures have been reported:

Type Count

Customer Dispute 16 This broker was previously registered with FINRA at Termination the following brokerage firms:

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORA TED CRD# 7691 02/1984 - 05/1987

©2013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013.



Registrations This section provides the self-regulatory organizations (SROs) and U.S. stateslterritories the broker is currently registered and licensed with, the category of each registration, and the date on which the registration became effective. This section also provides, for every brokerage firm with which the broker is currently employed , the address of each branch where the broker works.

This individual is currently registered with 9 SROs and is licensed in 10 U.S. states and territories through his or her employer.

Employment 1 of 2 Firm Name: UBS FINANCIAL SERVICES INC.

Main Office Address: 1200 HARBOR BOULEVARD WEEHAWKEN, NJ 07086

Firm CRD#: 8174

SRO

FINRA

Category

BOX Options Exchange LLC

Chicago Board Options Exchange

International Securities Exchange

NASDAQ OMX PHLX, Inc.

NASDAQ Stock Market

General Securities Representative









NYSE Arca, Inc.

NYSE MKT LLC

New York Stock Exchange

U.S. Statel Category Status Date U.S. Statel Territory Territory

California Agent APPROVED 10/12/1987 Massachusetts

Colorado Agent APPROVED 04/12/1994 New York

District of Agent APPROVED 10/13/2004 North Carolina Columbia

Puerto Rico Florida Agent APPROVED 11/02/1993

Virginia Georgia Agent APPROVED 11/23/1994

Status Date

APPROVED 10/12/1987

APPROVED 05/16/2012

APPROVED 03/03/1991

APPROVED 01/28/2008

APPROVED 10/16/1993

APPROVED 07/12/2006

APPROVED 10/11/1992

APPROVED 04/03/1988

APPROVED 10/22/1987

Category Status Date

Agent APPROVED 06/11/1990





©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013.

User Guidance

2

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Employment 1 of 2, continued

Branch Office Locations

UBS FINANCIAL SERVICES INC. 250 MUNOZ RIVERA AVENUE SAN JUAN, PR 00918

Employment 2 of 2 Firm Name: UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO

Main Office Address: 250 MUNOZ RIVERA AVENUE HATO REV, PR 00918

Firm CRD#: 13042

SRO

FINRA

NASDAQ Stock Market

U.S. State! Territory

Puerto Rico

Category

Agent

Branch Office Locations

Status

Category



Date

APPROVED 03!27/1991

UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO 250 MUNOZ RIVERA AVENUE SAN JUAN, PR 00918

Status Date

APPROVED 03/27/1991

APPROVED 07/12/2006

©2013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013.

User Guidance

3



Industry Exams this Broker has Passed

This section includes all securities industry exams that the broker has passed. Under limited circumstances, a broker may attain a registration after receiving an exam waiver based on exams the broker has passed and/or qualifying work experience. Any exam waivers that the broker has received are not included below.

This individual has passed 0 principal/supervisory exams, 1 general industry/product exam, and 1 state securities law exam.

Principal/Supervisory Exams

Exam

No information reported .

General Industry/Product Exams

Exam

General Securities Representative Examination

State Securities Law Exams

Exam

Uniform Securities Agent State Law Examination

Category

Category

Series 7

Category

Series 63

Date

Date

01/21/1984

Date

02/15/1984

Additional information about the above exams or other exams FINRA administers to brokers and other securities professionals can be found at www.finra.org/brokerqualifications/registeredrep/.

©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013.

User Guidance

4


Registration and Employment History

Registration History

This broker previously was registered with FINRA at the following firms :

Registration Dates Firm Name CRD# Branch Location

02/1984 - 05/1987 MERRILL LYNCH, PIERCE, FENNER & SMITH 7691 I NCORPORA TED

Employment History

Below is the broker's employment history for up to the last 10 years.

Please note that the broker is required to provide this information only while registered with FINRA and the information is not updated after the broker ceases to be registered. Therefore, an employment end date of "Present" may not reflect the broker's current employment status.

Employment Dates Employer Name

09/1987 - Present

09/1987 - Present

PAINEWEBBER INCORPORATED

UBS FINANCIAL SERVICES INC.

Other Business Activities

Employer Location

HATO REY, PR

SAN JUAN, PR

This section includes information , if any , as provided by the broker regarding other business activities the broker is currently engaged in either as a proprietor, partner, officer, director, employee, trustee, agent or otherwise . This section does not include non-investment related activity that is exclusively charitable , civic , religious or fraternal and is recognized as tax exempt.

No information reported .

©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013.

User Guidance

5


Disclosure Events

What you should know about reported disclosure events:

1. Disclosure events are certain criminal matters; regulatory actions ; civil judicial proceedings; customer complaints, arbitrations, or civil litigations; employment terminations ; and financial matters in which the broker has been involved.

2. Certain thresholds must be met before an event is reported to CRD, for example: o A law enforcement agency must file formal charges before a broker is required to report a particular

criminal event. o A customer dispute must involve allegations that a broker engaged in activity that violates certain rules

or conduct governing the industry and that the activity resulted in damages of at least $5 ,000.

3. Disclosure events in BrokerCheck reports come from different sources: o As mentioned at the beginning of this report , information contained in BrokerCheck comes from brokers,

brokerage firms and regulators . When more than one of these sources reports information for the same disclosure event, all versions of the event will appear in the BrokerCheck report. The different versions will be separated by a solid line with the reporting source labeled.

4. There are different statuses and dispositions for disclosure events: o A disclosure event may have a status of pending, on appeal, or final.

• A "pending" disclosure event involves allegations that have not been proven or formally adjudicated .

• A disclosure event that is "on appeal" involves allegations that have been adjudicated but are currently being appealed.

• A "final" disclosure event has been concluded and its resolution is not subject to change. o A final disclosure event generally has a disposition of adjudicated, settled or otherwise resolved.

• An "adjudicated" matter includes a disposition by (1) a court of law in a criminal or civil matter, or (2) an administrative panel in an action brought by a regulator that is contested by the party charged with some alleged wrongdoing.

• A "settled" matter generally represents a disposition wherein the parties involved in a dispute reach an agreement to resolve the matter. Please note that brokers and brokerage firms may choose to settle customer disputes or regulatory matters for business or other reasons. A "resolved" matter usually includes a disposition wherein no payment is made to the customer or there is no finding of wrongdoing on the part of the individual broker. Such matters generally involve customer disputes.

For your convenience, below is a matrix of the number and status of disclosure events involving this broker. Further information regarding these disclosure events can be found in the subsequent pages of this report. You also may wish to contact the broker to obtain further information regarding the disclosure events.

©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 201 3.

User Guidance

6

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Customer Dispute

Termination

Pending

3

N/A

Final

13

On Appeal

N/A

N/A


User Guidance

7


Disclosure Event Details When evaluating this information, please keep in mind that a discloure event may be pending or involve allegations that are contested and have not been resolved or proven. The disclosure event may, in the end , be withdrawn , dismissed, resolved in favor of the broker, or concluded through a negotiated settlement for certain business reasons (e.g. , to maintain customer relationships or to limit the litigation costs associated with disputing the allegations) with no admission or finding of wrongdoing .

This report provides the information exactly as it was reported to CRD and therefore some of the specific data fields contained in the report may be blank if the information was not provided to CRD.

Customer Dispute - Settled

This type of disclosure event involves a consumer-initiated , investment-related complaint, arbitration proceeding or civil suit containing allegations of sale practice violations against the broker that resulted in a monetary settlement to the customer. Disclosure 1 of 6

Reporting Source:

Employing firm when activities occurred which led to the complaint:

Allegations:

Product Type:

Alleged Damages:

Alleged Damages Amount Explanation (if amount not exact):

Is this an oral complaint?

Is this a written complaint?

Is this an arbitration/CFTC reparation or civil litigation?

Arbitration/Reparation forum or court name and location:

Docket/Case #:

Broker


CLAIMANT ALLEGES THAT RECOMMENDATIONS IN 2009 AND 2010 TO INVEST IN FIRST BANCORP. COMMON STOCK WERE UNSUITABLE.

Equity Listed (Common & Preferred Stock)

$0.00

UNSPECIFIED

No

Yes

Yes

FINRA

11-02970

©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 201 3.

User Guidance

8

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Filing date of arbitration/CFTC reparation or civil litigation:

08/16/201 1

Customer Complaint Information

Date Complaint Received: 08/16/201 1

Complaint Pending?

Status:

Status Date:

Settlement Amount:

Individual Contribution Amount:

Summary:

Disclosure 2 of 6

Reporting Source:


Allegations:

Product Type:

Alleged Damages:



No

Settled

07/31/2013

$112,500.00

$0.00

THE CLAIMANT'S ACCOUNT WAS MANAGED AS A JOINT ACCOUNT WITH ANOTHER FINANCIAL ADVISOR. THE CLIENT HAS BEEN A KNOWLEDGEABLE AND SOPHISTICATED INVESTOR WITH INVESTMENTS IN DEVELOPING COUNTRIES. HE HAD MADE MONEY IN THE PAST WITH OUR RECOMMENDATIONS AND HIS OWN RESEARCH. I FIND IT PUZZLING THAT THE INVESTMENTS IS FBP - FIRSTBANCORP (50% OF THE INVESTMENT WAS A SENIOR NOTE OF THE BANK AND NOT EQUITY) WHICH LOST MONEY, WERE DURING A PERIOD OF HEALTH RELATED PROBLEMS FOR HIM. HE ALSO MADE MONEY IN OTHER INVESTMENTS DURING HIS ALLEGED MALAISE.

Broker

UBS FINANCIAL SERVICES INC

CLAIMANT ALLEGES THAT FA RECOMMENDED UNSUITABLE INVESTMENTS IN LOCAL PUERTO RICAN FINANCIAL INSTITUTIONS. TIME FRAME: 2004-2010

Other: EQUITIES

$282,000.00

No

Yes

©201 3 FINRA. All rights reserved . Report# 841 68-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013.

User Guidance

9

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Docket/Case #:


Yes

FINRA

11-01573

05/02/2011


Date Complaint Received:

Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

Disclosure 3 of 6

Reporting Source:


Allegations:

Product Type:

Alleged Damages:



05/02/2011

No

Settled

12/05/2011

$40,000.00

$0 .00

FA DENIES ALL ALLEGATIONS OF WRONGDOING. ANY LOSSES WERE CAUSED BY MARKET CONDITIONS

Broker


TIME FRAME:MARCH 2008. CLAIMANT ALLEGES THAT FA RECOMMENDED UNSUITABLE INVESTMENT IN PUERTO RICO CONSERVATION FUND SECURED NOTES.

Other: SECURED NOTES

$200,000.00

No

Yes

©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013.

User Guidance

10




Docket/Case #:


Yes

FINRA

11-00930

03/18/2011



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

Disclosure 4 of 6

Reporting Source:


Allegations:

Product Type:

Alleged Damages:

03/18/2011

No

Settled

10/28/201 1

$87,500.00

$0.00

UBS WILL REQUEST THAT THE ARBITRATION PANEL ORDER THAT THIS MATTER BE EXPUNGED FROM MR. COLBERG CRD RECORD. CLAIMANT AGREES THAT HE WILL NOT OPPOSE THE EXPUNGEMENT REQUEST. UBS RESOLVED THIS ISSUE SOLELY FOR THE PURPOSE OF AVOIDING COSTLY AND TIME-CONSUMING LITIGATION.

Broker


CLAIMANTS ALLEGE THAT BETWEEN 2005 AND 2007, THE FA RECOMMENDED OVERLY CONCENTRATED POSITIONS IN SECURITIES OF PUERTO RICO FINANCIAL INSTITUTIONS.

Other: EQUITIES AND MUNICIPAL BONDS

$0.00


User Guidance

11







Docket/Case #:


UNSPECIFIED

No

No

Yes

FINRA

11-00121

01/24/2011



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

01/24/2011

No

Settled

04/30/2012

$150,000.00

$0 .00

I WAS NOT A NAMED RESPONDENT IN THIS ACTION AND NO DAMAGES ARE SOUGHT AGAINST ME PERSONALLY RELATED TO ANY ACTIONS TAKEN BY ME IN CONNECTION WITH THE INVESTMENTS AT ISSUE. THIS SETTLEMENT DOES NOT REFLECT ANY ACKNOWLEDGEMENT OR ADMISSION OF ANY LIABILITY OR MISCONDUCT ON MY PART WHATSOEVER. I WAS NOT ASKED TO PERSONALLY CONTRIBUTE ANY AMOUNT TOWARDS THIS SETTLEMENT OF THIS CASE. UBS RESOLVED THIS ISSUE SOLELY FOR BUSINESS REASONS TO AVOID POTENTIAL COST AND UNCERTAINTIES OF THE ARBITRATION FORUM. CLAIMANTS ACKNOWLEDGED AND WILL NOT OPPOSE UBS AND MR. COLBERG'S INTENTION TO PURSUE EXPUNGEMENT PROCEEDINGS TO HAVE ALL REFERENCED OF THIS MATTER REMOVED FROM MR. COLBERG'S CRD RECORD.


User Guidance

12


Disclosure 5 of 6

Reporting Source:


Allegations:

Product Type:

Alleged Damages:

Broker


VERBAL ALLEGATIONS REGARDING PEPSI PR IN HER ACCOUNT. DATES AND DAMAGES NOT SPECIFIED.



Complaint Pending?

Status:

Status Date :

Settlement Amount:


Summary:

Disclosure 6 of 6

Reporting Source:


Allegations:

10/10/1996

No

Settled

10/22/1996

$70 ,793.60

PAINEWEBBER SETTLED THE CLAIM IN THE INTEREST OF GOOD CLIENT RELATIONS FOR $70,793.60 PAINEWEBBER UNDERWROTE IPO; CUSTOMER RECEIVED PROSPECTUS AND DECIDED TO PURCHASE SECURITY. STOCK WAS SUBSEQUENTLY RECOMMENDED AS A BUY BY OUR RESEARCH DEPT. STOCK PRICE COLLAPSED & CLIENT WAS UPSET AT LOSSES.

Broker


CLIENT CLAIMED THAT PURCHASE OF MUNICIPAL BOND WAS NOT AUTHORIZED BY ITS GOVERNING BOARD AND DEMANDED RECISSION OF TRADE AND RETURN OF PURCHASE PRICE. NO TIME PERIOD SPECIFIED.

©201 3 FINRA. All rights reserved . Report# 841 68-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 201 3.

User Guidance

13

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Product Type:

Alleged Damages:



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

10106/1995

No

Settled

$84 ,131 .06

PAINEWEBBER SETTLED THIS MATTER FOR $84,131 .06 IE CONTRIBUTION PENDING CLIENT ORDERED THE PURCHASE OF CERTAIN BONDS TO GIVE AS COLLATERAL TO LOCAL BANK TO GUARANTEE LETTER OF CREDIT. AFTER THE ORDER WAS EXECUTED, THE PRICE OF THE BONDS DECLINED. ANOTHER BROKER-DEALER LED THEM TO RENEGE ON THE TRADE AND

TO PURCHASE SIMILAR BONDS FROM BROKER DEALER AT A LOWER PRICE. CLIENT THEN ALLEGED THAT AGENT WHO GAVE THE ORDER LACKED AUTHORITY TO EXECUTE ORDER , BECAUSE HE HAD NOT RECEIVED APPROVAL FROM THE BOARD, IN SPITE OF THE FACT THAT HE HAD EXECUTE ORDERS ON THE ACCOUNT FOR QUITE SOME TIME. THE FIRM SETTLED FOR BUSINESS REASONS, AGAINST MY WILL BUT AS A GOOD FAITH GESTURE I AGREED TO CONTRIBUTE THE COMMISSIONS GENERATED BY THE PURCHASE.


User Guidance

14


Customer Dispute - Closed-No ActionlWithdrawn/Dismissed/Denied

This type of disclosure event involves (1) a consumer-initiated , investment-related arb'itration or civil suit containing allegations of sales practice violations against the individual broker that was dismissed , withdrawn , or denied; or (2) a consumer-initiated , investment-related written complaint containing allegations that the broker engaged in sales practice violations resulting in compensatory damages of at least $5,000 ; forgery , theft, or misappropriation ; or conversion of funds or securities that was closed without action , withdrawn , or denied.

Disclosure 1 of 7

Reporting Source:


Allegations:

Product Type:

Alleged Damages:





Broker


TIME FRAME: NOVEMBER 16, 2004 - APRIL 25 , 2011 CLIENT'S COUNSEL ALLEGES FINANCIAL ADVISOR NEGLIGENTLY CREATED TOO MUCH RISK THROUGH OVER-CONCENTRATION AND IMPROPERLY INVESTING CLIENT IN INAPPROPRIATE SECURITIES. COUNSEL FURTHER ALLEGES FINANCIAL ADVISOR DID NOT INFORM CLIENT THAT A MARGIN LOAN WOULD BE PLACED IN ACCOUNT. COUNSEL ALLEGES FINANCIAL ADVISOR FAILED TO EXPLAIN THE ASSOCIATED RISKS AND PROBLEMS TO CLIENT. THE ALLEGED DAMAGES ARE ESTIMATED TO BE IN EXCESS OF $5 ,000.


$0.00

ESTIMATED TO BE IN EXCESS OF $5 ,000

No

Yes

No



Complaint Pending?

Status:

Status Date:

04/25/2011

No

Denied

06/30/2011


User Guidance

15


Settlement Amount:


Disclosure 2 of 7

Reporting Source:


Allegations:

Product Type:

Alleged Damages:





Broker

UBS FINANCIAL SERVICES INC. /43138110-2010-445

TIME FRAME: JANUARY 23,2009 - SEPTEMBER 20,2010 CLIENTS' ALLEGE FINANCIAL ADVISOR MISREPRESENTED FUND AS A SAFE INVESTMENT.

Other: DEBT - CORPORATE (NOT ASSET-BACKED, INCLUDES CONV, CORP, ZEROS)

$5,000.00

THE ESTIMATED ALLEGED DAMAGES ARE IN EXCESS OF $5 ,000.00 .

No

Yes

No



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Disclosure 3 of 7

09/20/2010

No

Denied

02/22/2011


User Guidance

16


Reporting Source:


Allegations:

Product Type:

Alleged Damages:

Broker


CLIENT ALLEGES THAT "I ASKED (HIM) TO SELL MY SHARES" AND "PAY WHAT I HAD TO MY MARGIN ACCOUNT AND HE DID NOT FOLLOW MY INSTRUCTIONS AND WILL." CLIENT FURTHER ALLEGES THAT SHE WANTED HER MONEY TO BE "INVESTED IN SHARES OF WESTERN BANK OF P.R." AND THE FINANCIAL ADVISOR "BY HIS OWN WILL DECIDED TO BUY SHARES OF DORAL FINANCIAL CORP OF P.R." TIME FRAME: FEBRUARY 2004 TO OCTOBER 2005.


$29 ,646.00



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Disclosure 4 of 7

Reporting Source:


Allegations:

Product Type:

Other Product Type(s):

07/05/2006

No

Denied

03/27/2006

Broker


CLIENT ALLEGES THAT FINANCIAL ADVISOR (FA) "ENGAGED IN A SIGNIFICANT NUMBER OF UNAUTHORIZED TRANSACTIONS BY MISREPRESENTING THE INVESTMENTS HE PURCHASED AND THE RISKS INVOLVED" IN CLIENT'S ACCOUNT. CLIENT ALSO ALLEGES THAT FA "ENGAGED IN A PATTERN OF DECEPTION AND MISREPRESENTATION OF THE SECURITIES HELD" IN CLIENT'S ACCOUNT. TIME FRAME: 2003-2005.


BONDS

©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 201 3.

User Guidance

17


Alleged Damages: $750,000.00



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

Disclosure 5 of 7

Reporting Source:


Allegations:

Product Type:

Alleged Damages:

05/03/2006

No

ClosedlNo Action

03/0512007

$0.00

$0.00

COMPLAINT EVOLVED INTO ARBITRATION AND MR. COLBERG WAS NOT NAMED AS A RESPONDENT. I DISAGREE WITH THE CLIENT'S ALLEGATIONS. CLIENT COMPLAINED IN 2005 AND HIS ALLEGATIONS WERE DENIED BY THE FIRM.

Broker


CLIENT ALLEGED THAT HE DID "NOT UNDERSTAND WHY THERE WERE TWO ORDERS EXECUTED OF 5,000 SHARES EACH ONE WHEN IT WAS SUPPOSED TO BE ONLY ONE." HE GOES ON TO REQUEST THAT FA "ELIMINATE ONE OF THE ORDERS." ALLEGED DAMAGES ESTIMATED TO EXCEED $5,000.

Equity - OTC



Complaint Pending?

Status:

Status Date:

Settlement Amount:

03/18/2005

No

Denied

05/11/2005


User Guidance

18

www.finra. orq/brokercheck


Disclosure 6 of 7

Reporting Source:


Allegations:

Product Type:

Alleged Damages:

Broker


CLIENT RAISED CONCERNS THAT BASED ON CONVERSATION THEY HAD, HE ASKED THE FINANCIAL ADVISOR TO SELL IMMEDIATELY THE SHARES THAT HE HAD IN WESTERN BANK. THE CLIENT DOES NOT SEE THE TRANSACTION ON THE STOCK, AND WANTS TO KNOW HOW HE WILL RECOVER THE LOSS SUFFERED. ALLEGED DAMAGES: ESTIMATED TO EXCEED $5 ,000.

Equity - OTC



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

Disclosure 7 of 7

Reporting Source:


03/18/2005

No

Closed/No Action

05/03/2005

CLIENT GAVE ME A LIMIT ORDER AND THE STOCK NEVER REACHED THE LIMIT SET BY THE CUSTOMER. ONCE I SAW MY CLIENT'S E-MAIL, I CALLED HIM AND REMINDED HIM THAT HE HAD PLACED A LIMIT ORDER WHICH HE ACKNOWLEDGED AND PROCEEDED TO SELL HIS POSITION AT MARKET.

Broker

PAINEWEBBER


User Guidance

19


Allegations:

Product Type:

Alleged Damages:

CLIENT ALLEGES THAT THE PAINEWEBBER FA FAILED TO INFORM CLIENT OF RISK INVOLVED WITH MARCH 1994 PURCHASE OF RAESA. CLIENT ALLEGES LOSS OF $11 ,500. IN JUNE 1999 FOLLOW-UP LETTER, CLIENT ALLEGED THAT HE WAS NOT ADVISED OF MATURITY DATE OF GNMA RESULTING IN A LOSS OF $9500.

Debt - Asset Backed

$11 ,500 .00



Complaint Pending?

Status:

Status Date:

Settlement Amount:


Summary:

04/09/1999

No

Denied

08/15/1999

PAINEWEBBER DENIED THE MATTER FIRST IN 5/21/1999 AND THEN IN AUGUST 1999. THE CLIENT HAD MUCH EXPERIENCE WITH GNMA AND HAD PURCHASED THEM FOR SEVERAL YEARS THROUGH PW AND OTHER BROKERAGE HOUSES. THIS OCCURRENCE IS THE ORIGINAL. OCCURRENCE #381311 IS A DUPLICATE OF THIS ONE.


User Guidance

20


Customer Dispute - Pending This type of disclosure event involves (1) a pending consumer-initiated , investment-related arbitration or civil suit that contains allegations of sales practice violations against the broker; or (2) a pending , consumer-initiated , investmentrelated written complaint containing allegations that the broker engaged in , sales practice violations resulting in compensatory damages of at least $5,000 ; forgery , theft, or misappropriation ; or conversion of funds or securities.

Disclosure 1 of 3

Reporting Source:


Allegations:

Product Type:

Alleged Damages:





Broker


TIME FRAME: SEPTEMBER 2003 - JUNE 2013 CLIENT ALLEGES SHE ADVISED HER FINANCIAL ADVISOR THAT SHE DID NOT WANT ANY INVESTMENT IN WHICH SHE COULD LOSE THE PRINCIPAL INVESTED AS SHE IS CONSERVATIVE WITH HER MONEY. CLIENT FURTHER ALLEGES FINANCIAL ADVISOR GUARANTEED THE PRINCIPAL OF THE INVESTMENT WOULD NOT BE REDUCED IN ITS VALUE WHICH WAS NOT HONORED. THE ESTIMATED ALLEGED DAMAGES ARE IN EXCESS OF $5 ,000.

Other: EQUITY - LISTED (COMMON AND PREFERRED STOCK

$0 .00

ESTIMATED ALLEGED DAMAGES ARE IN EXCESS OF $5,000.

No

Yes

No



Complaint Pending?

Settlement Amount:


Summary:

06/13/2013

Yes

THIS CLIENT OPENED HER ACCOUNT BACK IN 1986. DURING THIS TIME, SHE HAS INVESTED IN MANY TYPES OF INVESTMENTS INCLUDING PENNY


User Guidance

21


Disclosure 2 of 3

Reporting Source:


Allegations:

Product Type:

Alleged Damages:





Docket/Case #:


STOCKS (UNSOLICITED, PREMIUM BONDS, GNMA'S, PREFERRED SECURITIES, ETC. EACH OF THESE TRANSACTIONS WERE FULLY EXPLAINED, APPROVED BY THE CLIENT, AND HELD IN THE ACCOUNT FOR MANY YEARS. SEVERAL OF THE INVESTMENTS WERE HER OWN IDEA. I FIND IT DIFFICULT TO UNDERSTAND THAT AFTER 27 YEARS, SHE IS NOW MAKING ALLEGATIONS THAT ARE FALSE AND I BELIEVE HAVE NO MERIT IN THERE ACCURACY. HER LAST TRANSACTION WAS BACK IN 2003 AND UNTIL NOW HAS NEVER EXPRESSED ANY DISSATISFACTION OR CONCERN REGARDING THE SECURITIES HELD. I TOTALLY DENY THESE ALLEGATIONS.

Broker

UBS FINANCIAL SERVICES INC, UBS PUERTO RICO AND UBS TRUST COMPANY PUERTO RICO

CLAIMANTS ALLEGE THAT THE ADVISOR ENGAGED IN "UNAUTHORIZED" TRADES WITH RESPECT TO PUERTO RICO CONSERVATION TRUST FUND NOTES AND COMMON STOCK OF PUERTO RICAN FINANCIAL INSTITUTIONS BECAUSE THE RECOMMENDATIONS WERE CONTRARY TO THE TERMS OF THE TRUSTS THAT PURCHASED THE SECURITIES. TIME FRAME: 2003

Debt-Corporate Other: DEBT - CORPORATE (NOT ASSET-BACKED, INCLUDES CONV, CORP, ZEROS)

$2 ,331 ,635.00

No

Yes

Yes

FINRA

12-02915

08/21/2012



User Guidance

22



Complaint Pending?

Settlement Amount:


Disclosure 3 of 3

Reporting Source:


Allegations:

Product Type:

Alleged Damages:





Docket/Case #:


08/21/2012

Yes

Broker


THE CLAIMANT ALLEGES THAT FROM 1996 TO PRESENT, THE ADVISOR UNSUITABLY RECOMMENDED PREFERRED STOCKS, MIASREPRENTING THE TERMS OF THOSE INVESTMENTS, AND THAT STARTING IN 2006 SHE RAISED CONCERNS ABOUT THE PORTFOLIO.


$114,000.00

No

Yes

Yes

FINRA

12-03074

09/04/2012



Complaint Pending?

Settlement Amount:


09/04/2012

Yes

©201 3 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 201 3.

User Guidance

23

www.finra.orQ/brokercheck

Summary: CUSTOMER COMPLAINT RECEIVED ON 03/30/2010 AND UBS DENIED ALL CLAIMS ON 05/27/2010. CLIENT SUBSEQUENTLY FILE FOR ARBITRATION AND DID NOT NAME MR. COLBERG AS A RESPONDENT


User Guidance

24

www.finra .orQ/brokercheck

Employment Separation After Allegations

This type of disclosure event involves a situation where the broker voluntarily resigned , was discharged or was permitted to resign after allegations were made that accused the broker of (1) violating investment-related statutes, regulations , rules or industry standards of conduct; (2) fraud or the wrongful taking of property; or (3) failure to supervise in connection with investment-related statutes, regulations , rules or industry standards of conduct. Disclosure 1 of 1

Reporting Source:

Employer Name:

Termination Type:

Termination Date:

Allegations:

Product Type:

Other Product Types:

Summary:

Broker

MERRILL LYNCH, PIERCE, FENNER & SMITH , INC.

Discharged

05/19/1987

TERMINATION

NO RESULT I WAS DISCHARGED FOR VIOLATING COMPANY POLICY; BORROWING FUNDS FROM A CUSTOMER ([CUSTOMER)) TOTALLING $36,000. THE SAID LOAN WAS FULLY REPAID. THE CUSTOMER NEVER PRESENTED A WRITTEN COMPLAINT NOR DID HE PURSUED. I WAS NOT AWARE OF THAT COMPANY POLICY AT THE TIME.


User Guidance

25

www.finra .orq/brokercheck User Guidance

End of Report

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©2013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 26

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