Investors Sue UBS For Misrepresentation
Robert Benjamin Perlman of New York New York a stockbroker registered with UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $750,000.00 in damages based upon accusations that (1) the customer had been provided with false or misleading information concerning an options overlay strategy and (2) the strategy recommended for the customer’s UBS Financial Services account between October 2017 and May of 2019 failed to be suitable and caused the customer to incur losses. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01410 (May 24, 2019).
FINRA Public Disclosure reveals that Perlman is referenced in two more customer initiated investment related disputes containing allegations of his wrongdoing while associated with Credit Suisse Securities and Lehman Brothers. Specifically, a customer filed an investment related complaint involving Perlman’s conduct in which the customer requested unspecified damages based upon allegations that over the counter equities recommendations made to the customer were not suitable and that the value of the customer’s account had been misrepresented when Perlman was associated with Lehman Brothers.
Another customer filed an investment related complaint concerning Perlman’s activities where the customer sought $190,000.00 in damages founded on accusations of poor performance because of Perlman’s failure to follow the customer’s instructions and by the stockbroker placing trades in the customer’s Credit Suisse Securities account without permission.
Perlman has been employed by UBS Financial Services since November 23, 2015.