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Wilson Dennis Colberg Trigo - FINRA BrokerCheck Report

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BrokerCheck report for Wilson Dennis Colberg Trigo. It is uploaded here by Vernon Healy law firm. To learn more about your broker, please visit investigate your broker, or call us at 877-649-5394.

BrokerCheck report for Wilson Dennis Colberg Trigo. It is uploaded here by Vernon Healy law firm. To learn more about your broker, please visit investigate your broker, or call us at 877-649-5394.

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  • 1. 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
  • 2. 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. Where did this information come from? The information contained in BrokerCheck comes from FINRA's Central Registration Depository , or CRD® and is a combination of: 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. How current is this information? Generally , active brokerage firms and brokers are required to update their professional and disciplinary information in CRD within 30 days. Under most circumstances , information reported by brokerage firms , brokers and regulators is available in BrokerCheck the next business day. What if I want to check the background of an investment adviser firm or investment adviser representative? To check the background of an investment adviser firm or representative , you can search for the firm or individual in BrokerCheck. If you r search is successful , click on the link provided to view the available licensing and registration information in the SEC's Investment Adviser Public Disclosure (lAP D) website at http ://www.adviserinfo.sec.gov. In the alternative, you may search the IAPD website directly or contact your state securities regulator at http://www.nasaa .org . Are there other resources I can use to check the background of investment professionals? FINRA recommends that you learn as much as possible about an investment professional before deciding to work with them . Your state securities regulator can help you research brokers and investment adviser representatives doing business in your state . Thank you for using FINRA BrokerCheck. Using this site/information means that you accept the FINRA BrokerCheck Terms and Conditions. A complete list of Terms and Conditions can be found at For add itional information about the contents of this report, please refer to the User Guidance or www.finra .org/brokercheck. lt provides a glossary of terms and a list of frequently asked questions, as well as additional resources . For more information about FINRA, visit www.finra.org .
  • 3. www.finra.orq/brokercheck User Guidance WILSON D. COLBERGTRIGO Report Summary for this Broker 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 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 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. This broker has passed: • 0 Principal/Supervisory Exams Are there events disclosed about this broker? Yes • 1 General Industry/Product Exam • 1 State Securities Law Exam Registration History This broker was previously registered with FINRA at the following brokerage firms: The following types of disclosures have been reported: Type Customer Dispute Termination MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORA TED CRD# 7691 02/1984 - 05/1987 ©2 013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013. Count 16
  • 4. www.finra.orq/brokercheck User Guidance Broker Qualifications 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 Category Status Date FINRA General Securities Representative APPROVED 10/12/1987 BOX Options Exchange LLC General Securities Representative APPROVED 05/16/2012 Chicago Board Options Exchange General Securities Representative APPROVED 03/03/1991 International Securities Exchange General Securities Representative APPROVED 01/28/2008 NASDAQ OMX PHLX, Inc. General Securities Representative APPROVED 10/16/1993 NASDAQ Stock Market General Securities Representative APPROVED 07/12/2006 NYSE Arca, Inc. General Securities Representative APPROVED 10/11/1992 NYSE MKT LLC General Securities Representative APPROVED 04/03/1988 New York Stock Exchange General Securities Representative APPROVED 10/22/1987 U.S. Statel Territory Category Status Date U.S. Statel Territory Category Status Date California Agent APPROVED 10/12/1987 Massachusetts Agent APPROVED 06/11/1990 Colorado Agent APPROVED 04/12/1994 New York Agent APPROVED 12/10/1987 District of Columbia Agent APPROVED 10/13/2004 North Carolina Agent APPROVED 02/27/1998 Puerto Rico Agent APPROVED 10/26/1987 Florida Agent APPROVED 11/02/1993 Virginia Agent APPROVED 02/15/1996 Georgia Agent APPROVED 11/23/1994 ©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 2
  • 5. www.finra .orq/brokercheck User Guidance Broker Qualifications 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 Category Status Date FINRA General Securities Representative APPROVED 03/27/1991 NASDAQ Stock Market General Securities Representative APPROVED 07/12/2006 U.S. State! Territory Category Status Date Puerto Rico Agent APPROVED 03!27/1991 Branch Office Locations UBS FINANCIAL SERVICES INCORPORATED OF PUERTO RICO 250 MUNOZ RIVERA AVENUE SAN JUAN , PR 00918 ©2013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 3
  • 6. www.finra.orq/brokercheck User Guidance Broker Qualifications 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 Category Date Exam Category Date General Securities Representative Examination Series 7 01/21/1984 Exam Category Date Uniform Securities Agent State Law Examination Series 63 02/15/1984 No information reported . General Industry/Product Exams State Securities Law Exams 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 FIN RA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Frid ay, September 06, 2013. 4
  • 7. www.finra .orq /brokercheck User Guidance Registration and Employment History Registration History This broker previously was registered with FINRA at the following firms : Registration Dates 02/1984 - 05/1987 Firm Name MERRILL LYNCH , PIERCE, FENNER & SMITH INCORPORATED CRD# Branch Location 7691 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 Employer Location 09/1987 - Present PAINEWEBBER INCORPORATED HATO REY, PR 09/1987 - Present UBS FINANCIAL SERVICES INC . SAN JUAN , PR Other Business Activities 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 . ©2 013 FINRA. All rights reserved. Report# 84168-78 190 about WILSON D. COLBERGTRIGO. Data current as of Frid ay, September 06, 2013. 5
  • 8. www .finra .orq/brokercheck User Guidance 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. 6
  • 9. www.linra .orq/brokercheck User Guidance Pending Customer Dispute Termination ©2013 FINRA. All rights reserved. Final On Appeal 3 13 N/A N/A N/A Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 7
  • 10. www.finra .orq/brokercheck User Guidance 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: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC . Allegations: CLAIMANT ALLEGES THAT RECOMMENDATIONS IN 2009 AND 2010 TO INVEST IN FIRST BANCORP. COMMON STOCK WERE UNSUITABLE. Product Type: Equity Listed (Common & Preferred Stock) Alleged Damages: $0.00 Alleged Damages Amount Explanation (if amount not exact): UNSPECIFIED Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 11-02970 ©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 201 3. 8
  • 11. www.linra .orQ/brokercheck User Guidance 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? No Status: Settled Status Date: 07/3 1/2013 Settlement Amount: $112,500.00 Individual Contribution Amount: $0 .00 Summary: 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. Disclosure 2 of 6 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC Allegations: CLAIMANT ALLEGES THAT FA RECOMMENDED UNSUITABLE INVESTMENTS IN LOCAL PUERTO RICAN FINANCIAL INSTITUTIONS. TIME FRAME: 2004-2010 Product Type: Other: EQUITIES Alleged Damages: $282 ,000.00 Is this an oral complaint? No Is this a written complaint? Yes ©201 3 FINRA. All rights reserved . Report# 841 68-78 190 about WILSON D. COLBERGTRI GO. Data current as of Frid ay, September 06 , 20 13. 9
  • 12. www .finra .orQ/brokercheck User Guidance Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 11-01573 Filing date of arbitration/CFTC reparation or civil litigation: 05/02/2011 Customer Complaint Information Date Complaint Received: 05/02/2011 Complaint Pending? No Status: Settled Status Date: 12/05/2011 Settlement Amount: $40,000.00 Individual Contribution Amount: $0 .00 Summary: FA DENIES ALL ALLEGATIONS OF WRONGDOING . ANY LOSSES WERE CAUSED BY MARKET CONDITIONS Disclosure 3 of 6 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC. Allegations: TIME FRAME :MARCH 2008 . CLAIMANT ALLEGES THAT FA RECOMMENDED UNSUITABLE INVESTMENT IN PUERTO RICO CONSERVATION FUND SECURED NOTES . Product Type: Other: SECURED NOTES Alleged Damages: $200 ,000.00 Is this an oral complaint? No Is this a written complaint? Yes ©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 10
  • 13. www.finra.orq /brokercheck User Guidance Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 11-00930 Filing date of arbitration/CFTC reparation or civil litigation: 03/18/2011 Customer Complaint Information Date Complaint Received: 03/18/2011 Complaint Pending? No Status: Settled Status Date: 10/28/201 1 Settlement Amount: $87 ,500.00 Individual Contribution Amount: $0.00 Summary: 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 . Disclosure 4 of 6 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC. Allegations: CLAIMANTS ALLEGE THAT BETWEEN 2005 AND 2007, THE FA RECOMMENDED OVERLY CONCENTRATED POSITIONS IN SECURITIES OF PUERTO RICO FINANCIAL INSTITUTIONS. Product Type: Other: EQUITIES AND MUNICIPAL BONDS Alleged Damages : $0.00 ©20 13 FINRA. All rights reserved. Report# 84168-78190 about WILSO N D. COLBERGTRI GO . Data current as of Friday, September 06 , 20 13. 11
  • 14. www.finra .orq/brokercheck User Guidance Alleged Damages Amount Explanation (if amount not exact): UNSPECIFIED Is this an oral complaint? No Is this a written complaint? No Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 11-00121 Filing date of arbitration/CFTC reparation or civil litigation: 01/24/2011 Customer Complaint Information Date Complaint Received: 01/24/2011 Complaint Pending? No Status: Settled Status Date: 04/30/2012 Settlement Amount: $150 ,000.00 Individual Contribution Amount: $0 .00 Summary: 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. ©2013 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013. 12
  • 15. www.finra .orq/brokercheck User Guidance Disclosure 5 of 6 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: PAINEWEBBER INCORPORATED Allegations: VERBAL ALLEGATIONS REGARDING PEPSI PR IN HER ACCOUNT. DATES AND DAMAGES NOT SPECIFIED . Product Type: Alleged Damages: Customer Complaint Information Date Complaint Received: 10/10/1996 Complaint Pending? No Status: Settled Status Date : 10/22/1996 Settlement Amount: $70 ,793.60 Individual Contribution Amount: Summary: 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. Disclosure 6 of 6 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: PAINEWEBBER INCORPORATED Allegations: 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. COLBERGTRI GO . Data current as of Friday, September 06, 201 3. 13
  • 16. www.linra.orq/brokercheck User Guidance Product Type: Alleged Damages: Customer Complaint Information Date Complaint Received: 10106/1995 Complaint Pending? No Status: Settled Status Date: Settlement Amount: $84 ,131 .06 Individual Contribution Amount: Summary: ©2013 FINRA. All rights reserved . 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. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 14
  • 17. www.finra .orq/brokercheck User Guidance 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: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC Allegations: 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. Product Type: Equity Listed (Common & Preferred Stock) Alleged Damages: $0.00 Alleged Damages Amount Explanation (if amount not exact): ESTIMATED TO BE IN EXCESS OF $5 ,000 Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? No Customer Complaint Information Date Complaint Received: 04/25/2011 Complaint Pending? No Status: Denied Status Date: 06/30/2011 ©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 15
  • 18. www.finra.orq/brokercheck User Guidance Settlement Amount: Individual Contribution Amount: Disclosure 2 of 7 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC. /43138110-2010-445 Allegations: TIME FRAME: JANUARY 23,2009 - SEPTEMBER 20,2010 CLIENTS' ALLEGE FINANCIAL ADVISOR MISREPRESENTED FUND AS A SAFE INVESTMENT. Product Type: Other: DEBT - CORPORATE (NOT ASSET-BACKED, INCLUDES CONV, CORP , ZEROS) Alleged Damages: $5,000 .00 Alleged Damages Amount Explanation (if amount not exact): THE ESTIMATED ALLEGED DAMAGES ARE IN EXCESS OF $5 ,000.00 . Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? No Customer Complaint Information Date Complaint Received: 09/20/2010 Complaint Pending? No Status: Denied Status Date: 02/22/2011 Settlement Amount: Individual Contribution Amount: Disclosure 3 of 7 ©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 16
  • 19. www.finra.orq/brokercheck User Guidance Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC . Allegations: 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 . Product Type: Equity Listed (Common & Preferred Stock) Alleged Damages: $29 ,646.00 Customer Complaint Information Date Complaint Received: 07/05/2006 Complaint Pending? No Status: Denied Status Date: 03/27/2006 Settlement Amount: Individual Contribution Amount: Disclosure 4 of 7 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC . Allegations: 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 . Product Type: Equity Listed (Common & Preferred Stock) Other Product Type(s): BONDS ©201 3 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 201 3. 17
  • 20. www.finra.orq /brokercheck User Guidance Alleged Damages: $750,000 .00 Customer Complaint Information Date Complaint Received: 05/03/2006 Complaint Pending? No Status: ClosedlNo Action Status Date: 03/0512007 Settlement Amount: $0.00 Individual Contribution Amount: $0 .00 Summary: 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. Disclosure 5 of 7 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC . Allegations: 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. Product Type: Equity - OTC Alleged Damages: Customer Complaint Information Date Complaint Received: 03/18/2005 Complaint Pending? No Status: Denied Status Date: 05/11/2005 Settlement Amount: ©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 18
  • 21. www .finra. orq/brokercheck User Guidance Individual Contribution Amount: Disclosure 6 of 7 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC. Allegations: 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 . Product Type: Equity - OTC Alleged Damages: Customer Complaint Information Date Complaint Received: 03/18/2005 Complaint Pending? No Status: Closed/No Action Status Date: 05/03/2005 Settlement Amount: Individual Contribution Amount: 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. Summary: Disclosure 7 of 7 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: PAINEWEBBER ©2 013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 19
  • 22. www .finra.orq/brokercheck User Guidance Allegations: 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 . Product Type: Debt - Asset Backed Alleged Damages: $11 ,500 .00 Customer Complaint Information Date Complaint Received: 04/09/1999 Complaint Pending? No Status: Denied Status Date: 08/15/1999 Settlement Amount: Individual Contribution Amount: Summary: ©2 013 FINRA. All rights reserved . 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. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06, 2013. 20
  • 23. www.finra.orq/brokercheck User Guidance 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: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC Allegations: 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. Product Type: Other: EQUITY - LISTED (COMMON AND PREFERRED STOCK Alleged Damages: $0 .00 Alleged Damages Amount Explanation (if amount not exact): ESTIMATED ALLEGED DAMAGES ARE IN EXCESS OF $5 ,000. Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? No Customer Complaint Information Date Complaint Received: 06/13/2013 Complaint Pending? Yes Settlement Amount: Individual Contribution Amount: Summary: ©2 013 FINRA. All rights reserved. THIS CLIENT OPENED HER ACCOUNT BACK IN 1986 . DURING THIS TIME , SHE HAS INVESTED IN MANY TYPES OF INVESTMENTS INCLUDING PENNY Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 21
  • 24. www .finra .orq/brokercheck User Guidance 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. Disclosure 2 of 3 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC, UBS PUERTO RICO AND UBS TRUST COMPANY PUERTO RICO Allegations: 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 Product Type: Debt-Corporate Other: DEBT - CORPORATE (NOT ASSET-BACKED , INCLUDES CONV, CORP , ZEROS) Alleged Damages: $2 ,331 ,635 .00 Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 12-02915 Filing date of arbitration/CFTC reparation or civil litigation: 08/21/2012 Customer Complaint Information ©2013 FINRA. All rights reserved. Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013 . 22
  • 25. www.finra .orq/brokercheck User Guidance Date Complaint Received: 08/21/2012 Complaint Pending? Yes Settlement Amount: Individual Contribution Amount: Disclosure 3 of 3 Reporting Source: Broker Employing firm when activities occurred which led to the complaint: UBS FINANCIAL SERVICES INC. Allegations: 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. Product Type: Equity Listed (Common & Preferred Stock) Alleged Damages: $114 ,000 .00 Is this an oral complaint? No Is this a written complaint? Yes Is this an arbitration/CFTC reparation or civil litigation? Yes Arbitration/Reparation forum or court name and location: FINRA Docket/Case #: 12-03074 Filing date of arbitration/CFTC reparation or civil litigation: 09/04/2012 Customer Complaint Information Date Complaint Received: 09/04/2012 Complaint Pending? Yes Settlement Amount: Individual Contribution Amount: ©201 3 FINRA. All rights reserved . Report# 84168-78190 about WILSON D. COLBERGTRIGO . Data current as of Frida y, September 06, 201 3. 23
  • 26. www.finra .orQ/brokercheck Summary: ©2013 FINRA. All rights reserved . User Guidance 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 Report# 84168-78190 about WILSON D. COLBERGTRIGO . Data current as of Friday, September 06 , 2013. 24
  • 27. www.finra .orQ/brokercheck User Guidance 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: Broker Employer Name: MERRILL LYNCH , PIERCE, FENNER & SMITH , INC . Termination Type: Discharged Termination Date: 05/19/1987 Allegations: TERMINATION Product Type: Other Product Types: Summary: ©2013 FINRA. All rights reserved. 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 . Report# 84168-78190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 25
  • 28. www.finra .orq/brokercheck User Guidance End of Report This page is intentionally left blank. ©2013 FINRA. All rights reserved . Report# 84168-78 190 about WILSON D. COLBERGTRIGO. Data current as of Friday, September 06 , 2013. 26