UBS’s Bert Mueller Receives $1.5 Million Options Overlay Complaint

Houston financial advisor Bert Mueller (CRD# 2647227) is involved in multiple investor complaints alleging that an options overlay strategy resulted in seven-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services.

Mr. Mueller’s BrokerCheck report discloses several investor complaints. The most recent, filed in November 2022, alleges that as a representative of UBS Financial Services, he made misrepresentations of material facts and recommended an unsuitable options overlay strategy. The pending complaint alleges damages of $1,580,000.

Two earlier pending complaints, both filed in October 2022, similarly allege that Mr. Mueller engaged in suitability violations and misrepresentation when he made recommendations to invest in and hold an options overlay strategy. One complaint alleges damages of $1,300,000, while the other alleges damages of $1,194,000.

A fourth investor complaint, filed in 2009, alleged that he failed to follow instructions as a representative of Morgan Stanley. The complaint reached a settlement of $25,000.

A fifth investor complaint, filed in 2008, alleged that he executed an unauthorized purchase of auction rate securities. The complaint settled with a repurchase of the securities at par value, $1,170,000.

According to the Financial Industry Regulatory Authority, Bert Mueller holds 27 years of securities industry experience. Based in Houston, Texas, he has been registered as a broker and an investment advisor with UBS Financial Services since 2009. His past registrations include Morgan Stanley & Company (Houston, Texas; 2000-2009) and Goldman Sachs & Company (New York, New York; 1995-2000). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 27 state licenses. (Information current as of January 2, 2023.)

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