888-840-1571

National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

Options for Clients of UBS Financial Services Inc. Broker William Cerf Who Suffered Investment Losses

Posted on Monday, January 3rd, 2022 at 10:17 pm    

UBS Financial Services Inc.

Erez Law is currently investigating UBS Financial Services Inc. broker William Cerf (CRD# 2269462) regarding unsuitable investment recommendations. William Cerf has been registered with UBS Financial Services Inc. in New York, New York since 2015. 

William Cerf Faces Suitability Charges

William Cerf has been the subject of six customer complaints between 2019 and 2020, according to his CRD report:

July 2020. “Time frame: Late 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. The complaint was regarding in-house wrap fees.

June 2020. “Time frame: 2016-2020 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $700,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees.

February 2020. “Time frame: 2017-2019 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The customer is seeking $2,200,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees.

October 2019. “Time frame: Late 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 $5,000,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees.

September 2019. “Time frame: Mid 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 $7,000,000 in damages and the case is currently pending. The complaint was regarding in-house wrap fees.

August 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 $600,000 in damages and the case is currently pending. The 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 William Cerf’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.