UBS Financial Services Inc. broker Simon Clarke (CRD# 4232824) faces customer complaint related to unsuitable investment recommendations. He has been registered with UBS Financial Services Inc. in Boston, Massachusetts, since 2015.
Simon Clarke Customer Complaints
He has been the subject of two customer complaints between 2019 and 2022 related to the Yield Enhancement Strategy “YES”, according to his CRD report:
August 2022. “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 $518,000 in damages, and the case is currently pending. The complaint was related to in-house wrap fees.
December 2019. “Time frame: Late 2015- 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 related to 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 Simon Clarke’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.
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