There are options for clients of UBS Financial Services Inc. broker Noah Simon (CRD# 5752860) who is accused of unsuitability. He has been registered with UBS Financial Services Inc. in New York, New York, from 2016 to 2023, and Sanford C. Bernstein & Co., LLC in New York, New York, from 2010 to 2014.
Noah Simon Customer Complaints
He has been the subject of two customer complaints between 2021 and 2023, according to his CRD report:
June 2023. “Time frame: 2017 – Present. Allegations: Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The case was settled for $775,000. The complaint was regarding managed and wrap accounts, and it took place while he was registered with UBS Financial Services Inc.
June 2021. “Time Frame: May 26, 2021 to June 28, 2021 The client alleges unauthorized trading. The alleged damages are estimated to be in excess of $5,000.” The case is currently pending. The complaint was regarding an in-house wrap fee, and it took place while he was registered with UBS Financial Services Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by Noah Simon’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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