Paul Koch: Investor Seeks $10 Million in Complaint Against UBS Rep

Paul KochPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2019 indicate that Minnesota-based RBC Capital Markets broker/adviser Paul Koch has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Koch (CRD# 1777599).

Paul Koch has spent 29 years in the securities industry and has been registered with RBC Capital Markets in Minneapolis and Wayzata, Minnesota since 2018. Previous registrations include UBS Financial Services in Wayzata, Minnesota (2009-2018); Citigroup Global Markets in Wayzata, Minnesota (2001-2009); Miller Johnson Steichen Kinnard in Minneapolis, Minnesota (2001); John G. Kinnard & Company in Minneapolis, Minnesota (1998-2001); Prudential Securities in New York, New York (1994-1998); Piper Jaffray in Minneapolis, Minnesota (1991-1994); and Connecticut Mutual Financial Services (1987-1988). he has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 2009; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on June 5, 1991; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which he obtained on April 22, 2004; Series 7 (General Securities Representative Examination), which he obtained on May 22, 1991; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on December 4, 1987. According to his BrokerCheck report, he is a registered broker and investment adviser with 25 US states and territories: Alaska, Arizona, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Illinois, Kentucky, Maryland, Massachusetts, Minnesota, Montana, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, West Virginia, and Wisconsin.

According to his BrokerCheck report, he has received one pending customer complaint and one denied customer complaint.

In May 2019 a customer alleged Paul Koch, while employed at UBS Financial Services, made unsuitable recommendations of “risky and unsuitable investments in various outside business ventures” in which his wife was a partial owner, including: janitorial companies, secondhand clothing retailers, haircut businesses, venture capital firms, and housing developments. The complaint also alleges that Mr. Koch and his wife “diverted funds” from the outside investments “for their personal gain.” The customer is seeking $10,000,000 in damages in the pending complaint.

In 2005 a customer alleged Paul Koch, while employed at Citigroup Global Markets, misrepresented material facts related to a common stock investment. The customer sought unspecified damages in the complaint, which was denied.

If you or someone you know has complaints regarding Paul Koch, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.