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Can I Recover Losses from UBS Financial Services Inc. Financial Advisor Mark Katz?

Posted on Monday, April 9th, 2018 at 10:01 am    

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Erez Law is currently investigating UBS Financial Services Inc. financial advisor Mark Katz (CRD# 2155766) regarding unsuitable investment recommendations. Katz has been registered with UBS Financial Services Inc. in Houston, Texas since 2008.

Katz has been the subject of two customer complaints between 2013 and 2018, one of which was denied, according to his CRD report:

February 2018. “Time frame: 2016 Claimant alleges that the FA’s recommendation to liquidate her concentrated equity position and re-allocate to a diversified portfolio was unsuitable and that the tax consequences were misrepresented.” The customer is seeking $886,000 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 Katz’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.