Category Archives: UBS

Charles Teixeira-UBS Financial Broker-Discloses Settled Customer Disputes and Pending Customer Disputes-New York, NY

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Grizelle Perez-Former Sanders Morris Harris Broker-Permanently Barred by Regulators- Houston, TX

November 2020- Houston, TX

According to publicly available records, former  financial advisor Grizelle E. Perez, who last worked for USCA Securities,  has been barred from the securities industry by FINRA.

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 January 2020 , in FINRA case 2019064437801. Perez was  permanently barred from the securities industry to resolve allegations that she failed to respond to FINRA request for information in connection with a regulatory investigation.

Perez had been employed by USCA Securities since March of 2018.   Before that time she was with Sanders Morris Harris and prior to that, USB Financial Services. 

If you have questions about an account handled by Grizelle Perez, 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Daniel Rebmann-UBS Broker-Discloses Customer Disputes-San Antonio, TX

June 2020- San Antonio, TX

The FINRA records of Daniel Rebmann, a broker currently employed  by UBS Financial Servicesdisclose two 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 March of 2016 FINRA case 16-00648 was filed by a customer  UBS Financial Services  alleging that structured products were purchased in their accounts without authorization.     This case settled for $25,000.

In February 2014 a customer of  Merrill Lynch, Rebmann’s previous employer, filed FINRA case 14-00517 alleging unsuitable investment recommendations and misrepresentation and omission of material facts.   The case settled for $35,000.

Rebmann has been employed with UBS Financial Services since March of 2011.   Before that time he was with Merrill Lynch, Pierce, Fenner & Smith. If you have questions about an account  handled by Daniel Rebmann ,call for a no charge consultation .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Richard D. Niemann- USB Financial Broker-Discloses Regulatory Event and Customer Settlements- Sugarland, TX

May 2019- Sugarland, TX

According to publicly available records Richard D. Niemann (CRD#348144) ,  a  stockbroker who is currently registered with USB Financial Services, Inc.,  discloses a regulatory event and 2 settled 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 3/ 2019,  without admitting or denying the findings, Niemann consented to sanctions and to the entry findings that he exercised discretion in customers’ accounts without obtaining prior written authorization.   The findings stated that Niemann did not obtain written authorization from his firm to make trades in the accounts on a discretionary basis.   The sanctions ordered were a 15 day suspension and a $5,000 monetary fine. FINRA case 2018057927801 .

In March of 2008,  a USB Financial Services, Inc., customer filed a complaint that arose out of the sale of an auction rate security (ARS) that was made prior to the widespread illiquidity in the ARS market that occurred.    The case settled for $575,000.

In June of 2008, another USB Financial Services, Inc., customer complaint arose out of the sale of an auction rate security (ARS) that was made prior to the widespread illiquidity in the ARS market that occurred.  The case settled for $75,000.

Niemann has been employed with USB Financial Services, Inc.  since January 2002.

If you have questions about an investment account handled by Richard D. Niemann contact us for a no charge consultation to learn about your legal options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Losses on UBS Yield Enhancement Strategy? (UBS YES)- How to Recover Damages

February 2020

Investors who have suffered losses as a result of investing in the UBS Yield Enhancement Strategy program (UBS YES Trading Program) may be able to recover damages through FINRA arbitration.

The Yield Enhancement Strategy was offered by UBS to high net worth investors and touted as an option based trading strategy designed to generate returns by the sale and purchase of SPX index option spreads.

Investors in the UBS YES trading program have experienced significant losses and may have faced margin calls or the requirement to put up additional collateral.

We are currently investigating whether the risks associated with investing in the UBS YES program were adequately disclosed and whether the recommendation to invest in the program was suitable for certain investors. In most cases the recommendation to invest in the UBS YES program was unsuitable for investors with an investment objective of income or if the investor had a risk tolerance of low to moderate.

UBS Broker Matthew Buschsbaum

According to publicly available records, UBS financial advisor Matthew S. Buchsbaum, discloses 19 pending and 3 prior customer disputes, most of which allege unsuitability and misrepresentation to invest in an options overlay strategy. Total damages alleged in these pending claims in many millions, including two claims for $10 million each.

UBS Broker Scott M. Rosenberg

According to publicly available records UBS financial advisor Scott M. Rosenberg discloses 11 pending and 4 prior customer disputes alleging unsuitability and misrepresentations in connection with recommendations to invest in an option overlay strategy. Alleged damages are in the many millions.

If you have losses on the UBS YES trading program and believe that the risks were not adequately disclosed to you or that the recommendation was not suitable for your investment objectives, call for a no obligation discussion of your options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870