Lizzie Decarlo: $500K Complaint Against UBS/Hidden Oak Advisor

New York City financial advisor Lizzie Decarlo (CRD# 4979403) recently received an investor complaint alleging misconduct connected to an options overlay strategy. Financial Industry Regulatory Authority records show that she is a broker and an investment advisor with UBS Financial Services, whose website describes her as a member of the Hidden Oak Partners.

Ms. Decarlo’s BrokerCheck report discloses one investor complaint. Filed in December 2022, the complaint alleges that as a representative of UBS Financial Services, she made misrepresentations of material facts and unsuitable recommendations to invest in and hold an options overlay strategy. The pending complaint alleges damages of $500,000.

According to the firm’s website, Ms. Decarlo is a member of Hidden Oak Partners, a private wealth management group at UBS. In a biographical statement on her profile, she states that she “works closely with clients to develop and implement their financial plans” and “delves into each client’s unique situation and creates custom ‘blueprints’ to help them meet future goals.”

According to the Financial Industry Regulatory Authority, Lizzie Decarlo holds nine years of securities industry experience. Based in New York, New York, she has been a broker and an investment advisor with UBS Financial Services since 2015. She was previously registered with Credit Suisse Securities in New York City, from 2013 until 2015. Her credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE;  and the Uniform Combined State Law Examination, or Series 66. She currently holds 36 state licenses. (Information current as of February 9, 2023.)

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