UBS can bring an action for up to 6 years in finra arbitration, but the statute of limitations may still be an issue because that is shorter. Another issue is latches, that when someone sits on their rights too long, they should be denied recovery. Another is that their own negligence caused their loss, and also cost you a significant loss in increased taxes.

However, even with these and other arguments, you should have representation. I handle securities matters, including finra arbitration, and claims from brokerage firms, including UBS.

If you have proper representation, they may be persuaded to drop their request for little or maybe nothing. This is a really small amount of money and probably not worth the trouble for them if you have a securities attorney who knows how to ward them off.

Please take a look at my website and then send me an email if you would like representation.

Kind Regards,

Daniel Bakondi, Esq.

danielbakondi@yahoo.com

415-450-0424

The Law Office of Daniel Bakondi, APLC

870 Market Street, Suite 1161

San Francisco CA 94102

http://www.danielbakondi.com

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