Rockefeller’s Frank Amsler: $500K-$1mm Options Overlay Complaint

Multiple investor complaints against Houston financial advisor Frank Amsler (CRD# 2526813) allege that he made misrepresentations and unsuitable recommendations pertaining to an options overlay strategy. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Rockefeller Financial and Rockefeller Capital Management, respectively.

Pending Options Overlay Complaint Seeks Up to $1,000,000

Mr. Amsler’s BrokerCheck report discloses more than 10 investor complaints filed in recent years. The most recent, filed in July 2022, alleges that as a representative of UBS Financial Services, he made misrepresentations of material facts and unsuitably recommended the claimant “invest in and hold an options overlay strategy.” The pending complaint alleges damages between $500,000 and $1,000,000.

Earlier Complaints Reached Settlements, Awards

An earlier complaint, filed in February 2022, detailed similar allegations regarding an options overlay strategy, reaching a settlement in 2022 of $700,493. A third options overlay complaint, also filed in 2021, settled in 2022 for $922,979, while a fourth reached a settlement of $435,262. A similar complaint filed in 2020, meanwhile, reached a settlement in 2022 of $923,106. Another 2020 options overlay complaint settled in 2022 for $3,862,629.33.

Four complaints disclosed on Mr. Amsler’s BrokerCheck report evolved into arbitration proceedings before a FINRA panel. The four complaints, filed in 2020, alleged negligence, breach of contract, securities law violations, fraud, and other forms of misconduct. The FINRA panels in each case issued awards to the claimants of the following sums: $975,606.33, $1,181,717.66, $1,184,211, and $1,342,118.

Amsler Denies Allegations

In statements included with the complaints disclosed in his BrokerCheck report, Mr. Amsler defended himself against the allegations. “All risks regarding the investment were disclosed to the client, a sophisticated investor,” he wrote in part. “Once the account began to report losses, we guided the client to exit this investment early and mitigated losses while maintaining an overall profitable portfolio. I acted at all times in the best interest of the client.”

FINRA: Amsler Based in Houston, Texas

According to the Financial Industry Regulatory Authority, Frank Amsler holds 28 years of securities industry experience. Based in Houston, Texas, he has been a broker and an investment advisor with Rockefeller Financial and Rockefeller Capital Management, respectively, since 2020. His registration history includes UBS Financial Services and Merrill Lynch. Having passed seven securities industry qualifying exams, he currently holds 27 state licenses. (Information current as of December 8, 2022.)

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