William Huthnance Investigation
February 2023-Houston, TX
The FINRA records of William Huthnance, a UBS Financial Services broker, discloses 2 past customer disputes and 2 customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In 4/2020, FINRA case#20-01305 alleged unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy, hedge funds, structured notes and private equity funds. The case settled for $580,000.
In 9/2019, FIRNA case #19-02667, alleged unsuitability and misrepresentation in respect to recommendations. The case settled for $305,000.
In 2/2022, three FINRA cases were filed by UBS Financial Services customers alleging unsuitability and misrepresentation with respect to recommendations, alleged damages in each case were as follows:
- FINRA case #22-00402- $500,000-improper options overlay strategy
- FINRA case #22-00305 – $500,000-$1,000,000-improper options overlay strategy
- FINRA case #22-00278 – $300,000-improper options overlay strategy
All three cases are still pending.
Huthnance has been employed with UBS Financial Services, Inc., since 11/2015. Before that he was with Credit Suisse Securities from 1/2009- 11/2015/
If you have questions about an account handled by William Huthnance , call for a no charge consultation with an experienced securities attorney .
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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