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Michael Dellinger: Options Overlay Complaints Against UBS Advisor

Houston financial advisor Michael Dellinger (CRD# 4558550) has received multiple investor complaints alleging his conduct resulted in damages totaling more than $4 million. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with UBS Financial Services.

Mr. Dellinger’s BrokerCheck report discloses four investor complaints. The most recent, filed in November 2022, alleges that as a representative of UBS Financial Services, he made misrepresentations of material facts and unsuitable recommendations to invest in and hold an options overlay strategy. The pending complaint alleges damages of $1,580,000.

A second investor complaint, filed in October 2022, details similar allegations concerning an option overlay investment strategy in or around late 2016. The pending complaint alleges damages of $1,300,000.

A third complaint, filed in October 2022, also alleges that an options overlay strategy was misrepresented and unsuitable for the customer. The pending complaint alleges damages of $1,194,000.

A fourth complaint, filed in December 2019, makes the same allegations as the above-described three complaints: “unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.” The pending complaint alleges damages of $500,000.

According to the Financial Industry Regulatory Authority, Michael Dellinger holds 19 years of securities industry experience. Based in Houston, Texas, he has been a broker and an investment advisor with UBS Financial Services since 2009. He was previously registered with Morgan Stanley & Company in Houston from 2004 until 2009. 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 holds 29 state licenses. (Information current as of December 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.

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