Christopher Robert Black (also known as Chris Black), of Houston, TX, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related FINRA securities arbitration claim that was settled for $305,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable investment recommendations of an options overlay strategy during the time that Black was associated with UBS Financial Services Inc. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02667 (November 16, 2022).
FINRA Public Disclosure shows that Black has been referenced in six other customer initiated investment related disputes concerning Black’s conduct while associated with securities broker dealers, including UBS Financial Services Inc. On August 6, 2019, a customer filed an investment related complaint involving Black’s conduct in which the customer requested compensation based upon allegations that Black made unsuitable recommendations and made omissions of material fact in connection with the sale of hedge funds.
Black was the subject of a FINRA securities arbitration claim in which the customers were collectively awarded $325,000 in compensatory damages because UBS Financial Services Inc. was held liable for sales practice violations. FINRA Arbitration No. 19-03051 (January 21, 2022). The Statement of Claim alleged that through its stockbroker, UBS Financial Services Inc. committed fraud, made misrepresentations of material fact, made unsuitable investment recommendations, breached fiduciary duties, was negligent, breached a contract, violated federal securities laws, and violated FINRA.
On February 8, 2022, a customer filed an investment related FINRA securities arbitration claim involving Black’s conduct in which the customer requested $300,000.00 in damages based upon allegations that Black made misrepresentations of material fact and made unsuitable recommendations of an options overlay strategy. FINRA Arbitration No. 22-00278.
Black is also referenced in a FINRA securities arbitration claim in which the customer requested compensation based upon allegations that Black made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of options. FINRA Arbitration No. 22-00305 (February 10, 2022).
On February 24, 2022, another customer filed an investment related FINRA securities arbitration claim involving Black’s conduct in which the customer requested $500,000.00 in damages based upon allegations that Black made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of options. FINRA Arbitration No. 22-00402.
Black was also referenced in a FINRA securities arbitration claim that was settled for $580,000.00 in damages based upon allegations that Black made unsuitable recommendations and made misrepresentations of material fact in connection with the sale of hedge funds, structured notes, options, and private equities. FINRA Arbitration No. 20-01305 (May 5, 2022).
Black has been associated with UBS Financial Services Inc. in Houston, TX, as a stockbroker and investment advisor representative since November 16, 2015.
