Alan Katz: Did UBS Advisor Steal Customer’s Funds?

Jericho, New York financial advisor Alan Katz (CRD# 834107) allegedly stole a client’s funds, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services, and that he is also registered with the firm’s Boca Raton, Florida office.

Mr. Katz’s BrokerCheck report discloses one investor complaint. Filed in March 2024, it alleges that as a representative of UBS Financial Services, he committed theft of the customer’s funds and “did not handle her account in her best interests.” The pending complaint alleges damages of an unspecified amount.

UBS Financial Services’ website includes a profile of Mr. Katz that describes him as a Senior Vice President with the firm. “Alan has over 35 years of experience in wealth and asset management,” it states. “As a Portfolio Manager, he has developed a detailed portfolio construction process geared to helping his clients meet their life goals while attempting to manage their risk. Alan is a CRPC which enables him to create a holistic Financial Plan encompassing all aspects of a client’s financial life including liability management.”

According to the Financial Industry Regulatory Authority, Alan Katz holds 47 years of securities industry experience. Based in Jericho, New York and Boca Raton, Florida, he has been a broker and an investment advisor with UBS Financial Services since 2012. He was previously registered with Merrill Lynch in Great Neck, New York from 1978 until 2012. His credentials include the passage of seven securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the AMEX Put and Call Exam, or PC; the Interest Rate Options Examination, or Series 5; the Foreign Currency Options Examination, or Series 15; 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 37 state licenses. (Information current as of April 14, 2024.)

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