Investigation of UBS Financial Services Inc. Broker Christopher Tolman
Posted on Wednesday, January 22nd, 2020 at 9:48 pm
UBS Financial Services Inc. broker Christopher Tolman (CRD# 2066775) is currently facing two complaints related to losses in the YES options overlay strategy. Tolman has been registered with UBS Financial Services Inc. in New York, New York since 2010.
Tolman has been the subject of two customer complaints in 2019 according to his CRD report:
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 $750,000 in damages and the case is currently pending. This complaint was regarding in-house wrap fees.
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 $800,000 in damages and the case is currently pending. This complaint was regarding in-house wrap fees.
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 Tolman’s customers.
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