Former Roseville, California financial advisor Phillip Anderson (CRD# 814936) was recently suspended and fined in connection with alleged rule violations....
Read MoreMaximilian Kort: Arete, Ex-UBS Advisor Faces $1mm Complaint
Chicago financial advisor Maximilian Kort (CRD# 5376727) recently received an investor complaint alleging that his investment advice resulted in seven-figure damages. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that the former UBS Financial Services broker is currently registered as an investment advisor with Arete Wealth Advisors.
Mr. Kort’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in April 2024, alleges that as a representative of UBS Financial Services, he misrepresented and recommended an unsuitable options overlay strategy. The pending complaint alleges damages of $1 million.
An earlier investor complaint, filed in 2023, alleged that as a representative of UBS Financial Services, he recommended unsuitable investments, resulting in liquidity issues. The complaint reached a settlement of $7,500.
According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Maximilian Kort holds 16 years of securities industry experience. Based in Chicago, Illinois, he has been registered as an investment advisor with Arete Wealth Advisors With Arete Wealth Advisors since 2021. His past registrations include IHT Wealth Management (2018-2021), UBS Financial Services (2007-2018), and Insight Securities (2018). His credentials include the passage of four 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; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Florida, Illinois, and Texas. (Information current as of August 4, 2024.)
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.
