Eric Andrew Wittenberg, of Mount Kisco, New York, a stockbroker registered with UBS Financial Services Inc., was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer was awarded $425,000.00 in compensatory damages because UBS Financial Services Inc. was held liable on the customer’s claims, which included violation of Pennsylvania law, negligent supervision, breach of contract, fraud, breach of fiduciary duty, misrepresentations and omissions of material fact, and negligence when Wittenberg was associated with UBS Financial Services Inc. FINRA Arbitration No. 22-01799 (February 26, 2024).
FINRA Public Disclosure shows that Wittenberg is referenced in three other customer initiated investment related disputes concerning Wittenberg’s conduct. On January 11, 2001, a customer filed an investment related complaint involving Wittenberg’s conduct, in which the customer requested $265,000.00 in damages based upon alleged unsuitable trading, given the customer’s investment objectives during the time that Wittenberg was associated with Salomon Smith Barney Inc. The complaint was withdrawn on January 29, 2001.
On March 8, 2002, another customer filed an investment related complaint involving Wittenberg’s conduct in which the customer requested damages based upon alleged overconcentration in stocks and over-the-counter equities during the time that Wittenberg was associated with Salomon Smith Barney. The complaint was denied by the securities broker dealer.
Wittenberg has been associated with UBS Financial Services Inc. in New York, New York, since November 20, 2015, as a stockbroker and an investment advisor representative.
