Corpus Christi financial advisor Jaime Rios (CRD# 1747126) was recently sanctioned by securities regulators in connection with alleged rule violations....Read More
Jordan Hayes: Los Angeles Advisor Listed in Options Overlay Complaint
UBS financial advisor Jordan Hayes (CRD# 2391254) is involved in an investor complaint alleging that misconduct relating to an options overlay strategy resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor based in Los Angeles, California.
Mr. Hayes’ BrokerCheck report discloses one investor complaint. Filed in July 2022, it alleges “unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The pending complaint alleges damages of $750,000.
In a comment on the pending complaint’s disclosure, Mr. Hayes defended himself against the allegations. “This arbitration claim was brought against my employer UBS, not against me,” he wrote, adding that he was listed because he was the claimant’s broker, and disputing the underlying claim itself: “Moreover, I disagree that these claimants were not informed of the risks of this investment. To the contrary, they specifically acknowledged and accepted those risks in writing, and would not have been allowed to participate in the investment had they not done so.” He concluded by stating that he believed the investment to be suitable and that he treated the customers properly.
According to the Financial Industry Regulatory Authority, Jordan Hayes holds 28 years of securities industry experience. Based in Los Angeles, California, he has been a broker and an investment advisor with UBS Financial Services since 2008. He is also registered with the firm’s offices in Pasadena, California. His past registrations include Citigroup Global Markets, Credit Suisse First Boston, Donaldson Lufkin & Jenrette, and JP Morgan Securities. 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 Combined State Law Examination, or Series 66. He holds 26 state licenses. (Information current as of August 26, 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.