Close Menu
Free Consultation: 888-976-6111

Complaints Against Eric Wittenberg Allege Unsuitable Options Strategy

Eric Wittenberg (CRD# 1552330), a broker and investment adviser based in New York City, has received three pending complaints detailing allegations connected to an options strategy investment. According to records maintained by the Financial Industry Regulatory Authority (FINRA) records, the complaints against the UBS Financial Services representative seek more than $1 million in damages.

The most recent complaint detailed on his BrokerCheck report alleges that recommendations to invest in and hold an options overlay strategy were unsuitable and misrepresented. The investor alleges damages between $500,000 and $1,000,000 in the pending complaint

A second complaint, filed in May 2020, alleges that Eric Wittenberg, while registered with UBS Financial Services, misrepresented and unsuitably recommended an investment in an options overlay strategy, with a time frame beginning in May 2018. For reference, “suitability” refers to a standard brokers are required to follow, which entails recommending investments that align with an investor’s specific background and needs, such as their investment experience, net worth, income, and risk tolerance. This pending complaint alleges damages of $420,000.

A third complaint against Eric Wittenberg, filed in April 2019, alleges that as a representative of UBS, he made misrepresentations and unsuitable recommendations regarding the options strategy from September 2016 until the present. For reference, “misrepresentation” refers to the false representation of material facts, or information that poses a significant consideration to an investor’s decision-making. This complaint, which remains pending, alleges damages of $400,000. 

Eric Wittenberg has been registered with UBS Financial Services in New York, New York since 2015. He was previously registered with Merrill Lynch in New York, New York from 2002 until 2009. He has passed six securities industry qualifying examinations and his BrokerCheck report lists 25 state securities licenses, including: Alabama, Arizona, Connecticut, Idaho, Michigan, New Jersey, New York, North Carolina, Texas, and Wisconsin. (Information current as of May 11, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Morgan Stanley Advisor Scott Schlett Faces $400K Complaint

    Scott Schlett (CRD# 2111952), a financial advisor based in Paramus, New Jersey, recently received an investor complaint alleging his conduct...

    Read More
  • Spartan Advisor Michael Russo: Complaints Allege Misconduct

    Garden City financial advisor Michael Russo (CRD# 3072489) has been involved in investor complaints alleging unsuitable recommendations, churning, and other...

    Read More
  • Fred Chen: $100K Complaint Against Emerson Equity Advisor

    Irvine, California financial advisor Fred Chen (CRD# 5766069) allegedly recommended unsuitable investments and engaged in other violations of FINRA rules,...

    Read More
  • Cetera Advisor Enkofi John Faces Forgery Complaint

    Westbury, New York financial advisor Enkofi John (CRD# 6175076) recently received an investor complaint alleging his conduct resulted in damages....

    Read More
  • Previous
  • Next