What's Happening?
William Medina, a financial advisor based in San Juan, Puerto Rico, is facing an investor complaint alleging unauthorized withdrawal of funds. According to the Financial Industry Regulatory Authority (FINRA) records, Medina is registered as a broker and an investment advisor with UBS Financial Services. The complaint, filed in December 2025, accuses Medina of colluding with a customer's ex-wife to transfer funds without authorization. This action is in violation of FINRA rules, which require brokers to obtain customer authorization before executing transactions. Medina has 26 years of experience in the securities industry and has been with UBS since 2002. His credentials include passing several securities industry qualifying exams, and he is licensed
in multiple states.
Why It's Important?
The complaint against William Medina highlights the critical importance of regulatory compliance in the financial advisory industry. Unauthorized transactions can lead to significant financial losses for clients and damage the reputation of financial institutions. This case underscores the need for strict adherence to FINRA rules, which are designed to protect investors and maintain market integrity. The outcome of this complaint could have implications for UBS Financial Services, potentially affecting its client trust and regulatory standing. It also serves as a reminder for investors to remain vigilant and ensure their advisors are acting in their best interests.
What's Next?
The pending complaint against Medina will likely lead to an investigation by FINRA to determine the validity of the allegations. If found guilty, Medina could face disciplinary actions, including fines or suspension. UBS Financial Services may also conduct an internal review to assess compliance with industry standards and prevent future incidents. Investors affected by unauthorized transactions may seek restitution through legal channels. The case could prompt other financial advisors to review their practices to ensure compliance with regulatory requirements.
