Fired UBS Broker Wins $3M in Defamation Suit

A court recently awarded $3M to a Florida-based former broker for UBS Wealth Americas in a defamation suit against his former firm. UBS fired James L. Springer in 2014 for allegedly listing personal expenses as business expenses on his corporate credit card. Subsequently, UBS sent letters to Springer’s clients informing them that the broker had overcharged them. The letter lead to 17 complaints filed on Springer’s BrokerCheck record and other losses. Learn why the court sided with the former broker here.