DID WILLIAM MONTGOMERY CERF CAUSE YOU INVESTMENT LOSSES?
William Cerf Of UBS Financial Services Inc. Has 6 Customer Complaints For Alleged Broker Misconduct
About William Cerf of UBS Financial Services Inc.?
William Cerf (CRD #2269462) has an extensive background in the financial services industry and is currently employed as a registered broker by UBS Financial Services Inc. in New York, New York since July 10, 2015. His registration spans across 40 U.S. states and territories, and he is associated with 10 self-regulatory organizations. Cerf has passed one principal/supervisory exam and three general industry/product exams, along with two multi-state securities law exams. His career includes previous registrations with notable firms such as Barclays Capital Inc., Lehman Brothers Inc., and J.P. Morgan Securities Inc., illustrating a robust and diverse experience within major financial institutions.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Cerf Customer Complaints and Reviews
William Cerf’s record includes several customer disputes:
- Customer Disputes (6 reported incidents):
- Dispute 1: Allegations included fraud, misrepresentation, unsuit-ability, and breach of fiduciary duty related to options investments. The arbitration resulted in a payment of $1,109,484.73 in compensatory damages by Cerf’s member firm.
- Dispute 2: Involved allegations of unsuitability and misrepresentation regarding an options overlay strategy, resulting in a settlement of $1,447,087.40.
- Dispute 3: Related to a yield enhancement strategy, with accusations of fraud and negligence, leading to compensatory damages totaling $3,200,000 awarded to claimants.
Allegations Against William Cerf
- Customer Complaint Allegations:
- Fraud and Misrepresentation: These allegations primarily concern the provision of misleading information regarding the risks and suitability of complex investment strategies such as options and yield enhancement strategies.
- Unsuitability: Cerf was repeatedly accused of recommending investment strategies that were not appropriate for the clients’ risk profiles.
- Breach of Fiduciary Duty and Negligence: These accusations involve failing to act in the best interests of clients, leading to significant financial losses.
William Cerf Red Flags & Your Rights As An Investor
Of course, William Cerf 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 William Cerf at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether William Cerf 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 firms’ 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 William Cerf
If you have questions about UBS Financial Services Inc. and/or William Cerf 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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