DID MATTHEW STERN BUCHSBAUM CAUSE YOU INVESTMENT LOSSES?
Matthew Buchsbaum Of UBS Financial Services Inc. Has 32 Customer Complaints For Alleged Broker Misconduct
Who is Matthew Buchsbaum of UBS Financial Services Inc.?
Matthew Buchsbaum (CRD #2220565) who is currently registered as a broker and investment adviser with UBS Financial Services Inc. and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to UBS Financial Services Inc., Matthew Buchsbaum was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Matthew Buchsbaum Customer Complaints
Matthew Buchsbaum has been the subject of 32 customer complaints that we know about to recover investment losses in connection with the financial advisors Yield Enhancement Investment Strategy. Twenty-four of the customer complaints are final. There are 5 pending arbitration proceedings. Three of the customer complaints proceeded to arbitration and resulted in arbitration awards against UBS Financial Services for Matthew Buchbaum’s alleged misconduct in excess of $1.8 million, $5 million, and $848,000. Twelve of the customer complaints were settled by UBS Financial Services in favor of the investors. Nine customer complaints were recently denied by the same brokerage firm and, to date, it’s unclear whether any action has been filed.
Allegations Against Matthew Buchsbaum
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- The Yield Enhancement Strategy (YES) was misrepresented and unsuitable for customer.
- Misrepresentation and unsuitable investment recommendations to invest in and hold and options overlay strategy.
- Breach of fiduciary duty and negligence in connection with the management of a option strategy.
- Fraud, misrepresentation, unsuitability, breach of fiduciary duty, negligence, and violations of federal securities laws.
Matthew Buchsbaum Red Flags & Your Rights As An Investor
Of course, Matthew Buchsbaum did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Matthew Buchsbaum at UBS Financial Services Inc .on alert to review carefully the activity and performance of their accounts and question whether Matthew Buchsbaum has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At UBS Financial Services Inc. Due To Matthew Buchsbaum
If you have questions about UBS Financial Services Inc. and/or Matthew Buchsbaum and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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