November 2020- New York, NY
According to publicly available records, UBS Financial Services, Inc. financial advisor Charles S. Teixeira, discloses 2 settled customer disputes and two pending 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 August of 2019, FINRA case #19-02009 alleged unsuitability, misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The alleged damages are $800,000 and the case is still pending.
In July of 2019, FINRA case #19-01633 also alleged unsuitability, misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The alleged damages are $770,000 and the case is still pending.
Teixeira has been employed with UBS Financial Services, Inc. since July of 2016. Before that time he was employed with Merrill Lynch, Pierce, Fenner & Smith.
If you have losses in an account handled by Charles Teixeira, call to learn how you may be able to recover damages through FINRA arbitration.
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.
Florida-561 391 1900