{"id":10415,"date":"2022-01-27T17:20:43","date_gmt":"2022-01-27T22:20:43","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10415"},"modified":"2022-01-27T17:20:43","modified_gmt":"2022-01-27T22:20:43","slug":"ubs-broker-in-miami-accused-of-stealing-5-8-million","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/","title":{"rendered":"UBS Broker in Miami Accused Of Stealing $5.8 Million"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"German Nino (CRD#: 2653707, aka, \u201cGerman Nio\u201d), is a former broker and investment advisor last employed with UBS of Coral Gables, FL. His earlier employers include HSBC Securities (USA) Inc. (CRD#:19585), also of Coral Gables, Atlas One Financial Group, LLC (CRD#:124057) of Miami, and A. G. Edwards &amp; Sons, Inc. (CRD#:4) of St. Louis, MO.\u00a0 He has been in the industry since 1995.  This case highlights the problem of brokers stealing clients money violating the trust investors put in their financial advisor and exemplifies many of the red flags that investors need to look out for including brokers who use bogus paperwork, false statements and make bizarre excuses to lull a client into a false sense of security. Our attorneys have represented multiple investors who have lost money by brokers stealing from accounts or directly asking clients for loans or investments in their personal projects.\u00a0 FINRA rules and regulations prohibit this type of borrowing from a client and brokerage firms have a duty to supervise this type of activity.  Nino, aged 56, has one disclosure on his record. Filed on 7\/13\/2020, it alleges that from February 23rd, 2018, to July 13, 2020, Nino manipulated the account of a high wealth client to prevent them from knowing that he was stealing more than $5.8 million from them. The client invested a total of $11 million with UBS. Nino worked for UBS from 2012 through 2020, when he resigned.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>German Nino (CRD#: <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2653707\" target=\"_blank\">2653707<\/a>, aka, \u201cGerman Nio\u201d), is a former broker and investment advisor last employed with UBS of Coral Gables, FL. His earlier employers include HSBC Securities (USA) Inc. (CRD#:19585), also of Coral Gables, Atlas One Financial Group, LLC (CRD#:124057) of Miami, and A. G. Edwards &amp; Sons, Inc. (CRD#:4) of St. Louis, MO. He has been in the industry since 1995. <a href=\"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#more-10415\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German Nino (CRD#: 2653707, aka, \u201cGerman Nio\u201d), is a former broker and investment advisor last employed with UBS of Coral Gables, FL. His earlier employers include HSBC Securities (USA) Inc. (CRD#:19585), also of Coral Gables, Atlas One Financial Group, LLC (CRD#:124057) of Miami, and A. G. Edwards &amp; Sons, Inc. (CRD#:4) of St. Louis, MO. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[],"class_list":["post-10415","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UBS Broker in Miami Accused Of Stealing $5.8 Million &#8212;<\/title>\n<meta name=\"description\" content=\"German Nino, a former broker last employed with UBS of Coral Gables, FL, is accused of stealing more than $5.8 million from a client.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"UBS Broker in Miami Accused Of Stealing $5.8 Million &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"German Nino, a former broker last employed with UBS of Coral Gables, FL, is accused of stealing more than $5.8 million from a client.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UBS Broker in Miami Accused Of Stealing $5.8 Million &#8212;","description":"German Nino, a former broker last employed with UBS of Coral Gables, FL, is accused of stealing more than $5.8 million from a client.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/","twitter_card":"summary_large_image","twitter_title":"UBS Broker in Miami Accused Of Stealing $5.8 Million &#8212;","twitter_description":"German Nino, a former broker last employed with UBS of Coral Gables, FL, is accused of stealing more than $5.8 million from a client.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/","url":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/","name":"UBS Broker in Miami Accused Of Stealing $5.8 Million &#8212;","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg","datePublished":"2022-01-27T22:20:43+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"German Nino, a former broker last employed with UBS of Coral Gables, FL, is accused of stealing more than $5.8 million from a client.","breadcrumb":{"@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#primaryimage","url":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg","contentUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg","width":300,"height":200},{"@type":"BreadcrumbList","@id":"https:\/\/www.silverlaw.com\/blog\/ubs-broker-in-miami-accused-of-stealing-5-8-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.silverlaw.com\/blog\/"},{"@type":"ListItem","position":2,"name":"UBS Broker in Miami Accused Of Stealing $5.8 Million"}]},{"@type":"WebSite","@id":"https:\/\/www.silverlaw.com\/blog\/#website","url":"https:\/\/www.silverlaw.com\/blog\/","name":"Securities Arbitration Lawyers Blog","description":"Published by Securities Arbitration Lawyers \u2014 Silver Law Group","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.silverlaw.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752","name":"Silver Law Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9eb0a691642ae95c68ee1c45b5f50f35bae76a41f3d9f861c7bfd40c87661746?s=96&d=mm&r=g","caption":"Silver Law Group"}}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/comments?post=10415"}],"version-history":[{"count":2,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10415\/revisions"}],"predecessor-version":[{"id":10417,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/posts\/10415\/revisions\/10417"}],"wp:attachment":[{"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/media?parent=10415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/categories?post=10415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.silverlaw.com\/blog\/wp-json\/wp\/v2\/tags?post=10415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}