upward sloping chart over dollars image

Mark Laing Lichtenfeld of Florham Park New Jersey a stockbroker formerly employed by UBS Financial Services Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $850,000.00 in damages founded on allegations that (1) the customer had been provided bad advice from Lichtenfeld concerning an options overlay strategy and (2) false or misleading statements had been made by the stockbroker concerning the strategy. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-01076 (May 29, 2019).

FINRA Public Disclosure confirms that Lichtenfeld is referenced in three more customer initiated investment related disputes containing accusations of his wrongdoing while registered with securities broker dealers including Tucker Anthony Sutro and UBS Financial Services Inc. Specifically, a customer initiated investment related arbitration claim concerning Lichtenfeld’s conduct was settled to resolve allegations that inappropriate investment recommendations had been made by the stockbroker which caused the customer to experience losses on WorldCom stock positions.

Another customer filed an investment related complaint regarding Lichtenfeld’s activities in which the customer sought $300,000.00 in damages based upon accusations of his unauthorized transactions; false statements about the customer’s account; and churning of the customer’s investment portfolio during the period in which the stockbroker was associated with UBS Financial Services Inc.

Another customer filed an investment related arbitration claim involving Lichtenfeld’s conduct where the customer requested $360,000.00 in damages supported by allegations that between 2016 and 2019, misrepresentations had been made in regard to an investment strategy involving options trading; and the strategy failed to be suitable for the customer. FINRA Arbitration No. 19-01075 (May 17, 2019).

Lichtenfeld’s registration with UBS Financial Services Inc. has been terminated as of January 21, 2019. Since January 9, 2019, he has been employed by Purshe Kaplan Sterling Investments.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: , ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)