The key logo of the Swiss UBS Financial Services

Jeremy Seidman of Boston Massachusetts a stockbroker currently registered with UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $6,500,000.00 in damages supported by accusations that the customer had been recommended an unsuitable options overlay strategy by Seidman between 2016 and 2019 when he was associated with UBS Financial Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03373 (Nov. 19, 2019). According to the claim, misrepresentations had been made to the customer concerning an ongoing investment in the options overlay strategy.

This is not the first time that Seidman has been involved in an investment dispute containing allegations of his wrongdoing. FINRA Public Disclosure additionally confirms that on January 4, 2017, a customer filed an investment related complaint regarding Seidman’s conduct in which the customer requested more than $5,000.00 in damages founded on accusations that there were insufficient disclosures made to the customer in regard to a Grosvenor AG Net Lease III Feeder Fund LP investment that they purchased through Seidman at Credit Suisse Securities (USA) LLC. According to the complaint, the customer did not know about the low probability of obtaining a return on the investment. The claim also alleges that the customer was not informed about the lack of a market for the investments.

Seidman’s registration with Credit Suisse Securities was terminated on December 16, 2015. Since November 16, 2015, he has been a stockbroker and investment adviser representative of UBS Financial Services Inc.