Options for Clients of UBS Financial Services Inc. Broker Roderick Lipsey

UBS Financial Services Inc.

Erez Law is interested in speaking with investors who may have suffered losses due to investments with UBS Financial Services Inc. broker Roderick Lipsey (CRD# 4270444). Roderick Lipsey has been registered with UBS Financial Services Inc. in Washington, DC since 2007.

Roderick Lipsey Faces Multiple Customer Complaints

Roderick Lipsey has been the subject of four customer complaints between 2019 and 2020, according to his CRD report:

  • August 2020. “Time frame: Starting in first quarter of 2017 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $445,894 in damages and the case is currently pending. The complaint was regarding in-house wrap fees and took place while Roderick Lipsey was registered with UBS Financial Services Inc.
  • July 2020. “Time frame: Starting in September 2017 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. Claimant’s counsel further alleges unsuitability of certain investments, and that such investments resulted in principal losses.” The customer is seeking $1,700,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees, master limited partnerships (MLPs), private equity, and hedge funds and took place while Roderick Lipsey was registered with UBS Financial Services Inc.
  • October 2019. “Time frame: 2016 – present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $500,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees and took place while Roderick Lipsey was registered with UBS Financial Services Inc.
  • September 2019. “Time frame: 2016 – present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $1,400,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees and took place while Roderick Lipsey 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 Roderick Lipsey’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.

Did You Lose Money Investing with Robert Vance?

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 below for a free consultation.

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