Investors Complain About Matthew Buchsbaum

Investors have come forward with complaints about securities broker Matthew Stern Buchsbaum [CRD#: 2220565, New York, New York]. Evidently, the securities broker, who worked for UBS Financial Services, discloses investor disputes on FINRA BrokerCheck. Evidently, UBS Financial Services clients allege misrepresentations and unsuitable recommendations. For more on these disclosures about Buchsbaum, see below. However, please note that the securities broker denies the allegations.

UBS Financial Services Client Accuses Matthew Buchsbaum Of Unsuitable Recommendations

Evidently, on July 11, 2022, a UBS Financial Services client filed FINRA Arbitration #: 22-01541 about Matthew Buchsbaum. Particularly, the client alleged misrepresentations and unsuitable recommendations. Because of this, the client allegedly sustained damages relating to an options overlay strategy. Therefore, the client requested $750,000 in compensation from UBS Financial Services or Buchsbaum. Evidently, this arbitration is pending a resolution. Still, the broker denies the allegations against him.

Buchsbaum Allegedly Omits Risks To UBS Financial Services Client

Also, a client of UBS Financial Services contested Matthew Buchsbaum's sales practices by filing Civil Suit #: 1:21-cv-10361 on December 10, 2021. Notably, accusations against the securities broker include omissions of risks. Allegedly, the Yield Enhancement Strategy that Buchsbaum sold or recommended resulted in damages. Therefore, the client seeks compensatory relief from UBS Financial Services in the amount of $1,200,000,000 in this ongoing matter.

UBS Financial Services Client Accuses Matthew Buchsbaum Of Unsuitable Transactions

Evidently, a client of UBS Financial Services contested Matthew Buchsbaum's sales practices by filing FINRA Arbitration #: 21-02574 on October 12, 2021. Notably, accusations against the securities broker include unsuitable transactions and misrepresentations. Allegedly, the options overlay strategy that Buchsbaum sold or recommended resulted in damages. Therefore, the client seeks compensatory relief from UBS Financial Services or Buchsbaum in the amount of $1,500,000 in this ongoing matter.

UBS Financial Services Client Accuses Buchsbaum Of Misrepresentations

Moreover, on September 28, 2020, a UBS Financial Services client filed FINRA Arbitration #: 20-03356 about Matthew Buchsbaum. Particularly, the client alleged misrepresentations and unsuitable recommendations. Because of this, the client allegedly sustained damages relating to purchases or sales of options. Therefore, on July 7, 2022, UBS Financial Services settled this matter by paying the client $225,000.

Matthew Buchsbaum Allegedly Makes Unsuitable Recommendations To UBS Financial Services Client

Evidently, a client of UBS Financial Services contested Matthew Buchsbaum's sales practices by filing FINRA Arbitration #: 20-01878 on June 15, 2020. Notably, accusations against the securities broker include unsuitable recommendations and misrepresentations. Allegedly, the options overlay strategy that Buchsbaum sold or recommended resulted in damages. Therefore, UBS Financial Services opted to settle the matter on March 1, 2022, by compensating the client in the amount of $3,500,000.

UBS Financial Services Client Accuses Buchsbaum Of Unsuitability

Also, clients of UBS Financial Services contested Matthew Buchsbaum's sales practices by filing FINRA Arbitration #: 20-00459 on February 7, 2020. Notably, accusations against the securities broker include breach of contract, breach of fiduciary duty, violation of Florida laws and FINRA rules, misrepresentations, and unsuitability. Allegedly, the Yield Enhancement Strategy that Buchsbaum sold or recommended resulted in damages. Therefore, FINRA Arbitrators issued an Award dated February 3, 2022, compelling UBS Financial Services to compensate the clients in the amounts of $1,171,124.80 and $517,020.80, respectively.

Did UBS Financial Services Securities Broker Matthew Buchsbaum Cause You To Experience Damages?

Have you experienced damages by investing with Matthew Buchsbaum? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Buchsbaum and the brokerage firms Buchsbaum has associated with deny any and all allegations of sales practice violations.