Can I Recover Losses from UBS Financial Services Inc. Broker William Huthnance?

UBS Financial Services Inc.

UBS Financial Services Inc. broker William Huthnance (CRD# 4326519) faces customer complaints regarding unsuitable investment recommendations. William Huthnance has been registered with UBS Financial Services Inc. in Houston, Texas since 2015. 

William Huthnance Customer Complaints

He has been the subject of six customer complaints between 2019 and 2022, one of which was denied, according to his CRD report:

February 2022. “Time frame: 2016-2019 Allegations: Claimants’ 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. The complaint was regarding in-house wrap fees and took place while he was registered with UBS Financial Services Inc. 

February 2022. “Time frame: 2016 Allegations: Claimants’ counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The case is currently pending. The complaint was regarding in-house wrap fees and had alleged damages of between $500,000-$1 million. It took place while he was registered with UBS Financial Services Inc. 

February 2022. “Time frame: 2018-2019 Allegations: Claimants’ counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $300,000 in damages. The complaint was regarding in-house wrap fees and took place while he was registered with UBS Financial Services Inc. 

April 2020. “Time frame: 2015 – present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy, hedge funds, structured notes, and private equity funds.” The customer is seeking $1,200,000 in damages and the case was settled for $580,000. The complaint was regarding  in-house wrap fees, hedge funds, structured notes, and private equity funds.

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 $1,000,000 in damages and the case is currently pending. 

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 William Huthnance’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.