Investors apparently complained about securities broker Raymond Samuel Byers [CRD: 2590926, Mishawaka, Indiana], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Raymond Byers has worked for UBS Financial Services Inc. since January 29, 2009. Read on to discover more about the disclosures involving Raymond Byers.
UBS Investor Accused Byers Of Unsuitable Advice
Specifically, a UBS Financial Services Inc. client filed FINRA Arbitration No. 23-02292 about Raymond Byers. Mainly, the client alleged that Byers made unsuitable recommendations and misrepresentations involving a put options writing strategy from March 2020 through mid-2022 that allegedly caused principal losses. Because of this, the client allegedly suffered damages on options. Consequently, on May 29, 2024, UBS Financial Services Inc. settled this matter by paying the client $160,000.
Raymond Byers Disclosed Misrepresentation Allegations By UBS Client
Also, a client of UBS Financial Services Inc. contested Raymond Byers’s sales practices, according to a complaint dated February 6, 2012. Allegedly, Byers made misrepresentations involving fees and surrender charges connected to variable annuities. It appears that Byers allegedly caused the client to incur damages. Therefore, the client sought compensation estimated to exceed $5,000 in this matter. FINRA BrokerCheck reflects that the complaint was denied on March 9, 2012.
Did You Sustain Losses Because Of Securities Broker / Financial Advisor Byers?
Do you need clarity on any investment losses relating to Raymond Byers? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Byers and brokerage firms Byers worked for deny accusations of sales practice violations.
