William Jeffrey Carlton of Vienna Virginia a stockbroker currently employed by UBS Financial Services Inc. is referenced in a customer initiated investment related complaint which was resolved for $657,998.24 in damages on May 24, 2017 founded on allegations that between January 4, 2016 and February 23, 2017: (1) excessive exchange traded fund trades were executed in the customer’s account and (2) the customer was charged unwarranted commissions on an investment strategy that Carlton implemented in the customer’s account.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Carlton is referenced in six more customer initiated investment related disputes containing accusations of Carlton’s misconduct during the time that he was associated with UBS Financial Services Inc. For example, on August 10, 2015, a customer initiated investment related complaint concerning Carlton’s activities was settled for $28,000.00 in damages supported by allegations that the customers had been placed into oil and gas stocks as well as real estate limited partnerships that were not suitable for them and which led the customers to contain unwarranted concentrations of speculative investments in their accounts.
Another customer initiated investment related arbitration claim regarding Carlton’s conduct was resolved for $575,000.00 in damages based upon accusations that the customers were inappropriately advised by Carlton to purchase exchange traded funds, equities and mutual funds for their investment accounts; and the customers’ accounts were overconcentrated in bad investments resulting in losses. FINRA Arbitration No. 15-02774 (Apr. 26, 2017). Moreover, a customer initiated investment related arbitration claim involving Carlton’s activities was settled for $295,000.00 in damages founded on allegations that Carlton gave the customers poor investment advice between 2007 and 2016 with regard to the energy-sector limited partnerships interests or equities held in their investment portfolios. FINRA Arbitration No. 16-03267 (Nov. 9, 2017).
