William Carlton Involved In UBS Financial Investor Complaint About Unsuitable Advice

Investors reportedly complained about securities broker William Jeffrey Carlton (also known as Jeff Carlton) [CRD: 1132967, McLean, Virginia], according to disclosures on FINRA BrokerCheck. Evidently, Carlton worked for UBS Financial Services Inc. from September 21, 2007, to January 12, 2024, before joining Aegis Capital Corp. on December 21, 2023, where he is currently registered in Virginia, Florida, and New York. Keep reading to learn more about the disclosures related to Carlton.

UBS Financial Services Inc. Investor Accused Jeff Carlton Of Unsuitable Recommendations

Specifically, a UBS Financial Services Inc. client filed FINRA Arbitration No. 24-00650 about William Carlton. Primarily, the client alleged that Carlton made unsuitable recommendations about risky investments and failed to disclose commissions. As a result, on August 20, 2024, UBS Financial Services Inc. settled this matter by paying the client $650,000 in damages.

William Carlton Terminated For Soliciting Leveraged ETFs

Evidently, UBS Financial Services Inc. discharged Carlton on December 14, 2023. Allegedly, Carlton violated firm policy by mismarking trades as unsolicited and soliciting leveraged exchange-traded funds.

UBS Financial Services Inc. Investor Accused Jeff Carlton Of Excessive Commissions

Additionally, a client filed a complaint about William Carlton. Mainly, the client alleged that Carlton engaged in excessive trading and charged excessive commissions. For this reason, the client allegedly sustained damages connected to exchange traded funds. Therefore, on May 24, 2017, UBS Financial Services Inc. settled this matter by paying the client $657,998.24 in damages.

William Carlton Disclosed Unsuitable Recommendations Allegations By UBS Financial Services Inc. Client

Specifically, a client of UBS Financial Services Inc. disputed William Carlton’s sales practices by filing FINRA Arbitration No. 16-03267. Allegedly, Carlton gave unsuitable advice and overconcentrated positions in energy equities and direct investments. Consequently, UBS Financial Services Inc. opted to settle the matter on November 9, 2017, by compensating the client in the amount of $295,000.00.

Did You Sustain Losses Because Of Securities Broker Jeff Carlton?
Do you need clarification on any investment losses relating to William Carlton? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer concerning a potential recovery of your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Carlton and brokerage firms he worked for deny accusations of sales practice violations.