Nancy Matta: Pending Options Complaint Against UBS Rep

Nancy Matta (CRD# 713774), a broker and investment adviser based in New York City, has received a pending complaint alleging misconduct connected to an options investment. Records maintained by the Financial Industry Regulatory Authority (FINRA) records indicate that the complaint against the UBS Financial Services representative seeks $900,000 in damages. 

Filed in October 2019, the complaint alleges that as a representative of UBS Financial Services, Nancy Matta recommended the customer invest in and hold an unsuitable options overlay strategy that was the subject of misrepresentations of material facts. The customer seeks damages of $900,000 in the pending complaint.

Nancy Matta’s “Broker Comment” on the disclosure states that she “fully” disagrees with and denies at the claim, and notes that she was not named as a respondent on it. She goes on to state that “the strategy managers and I both spoke to the client about the strategy’s risks as well as its potential rewards” before investing in the strategy. She states that the client was “kept fully abreast of developments as more challenging market environments manifested themselves” and did not take opportunities to exit the investment.

Nancy Matta has been registered with UBS Financial Services in New York, New York since 2009. She was previously registered with Merrill Lynch in New York, New York: from 1980 until 2009 as a broker, and from 2002 until 2009 as an investment adviser as well. She is a Senior Vice President at UBS, where she is part of the Matta Wealth Management Group. She is a Certified Investment Management Analyst  as well as a Chartered Retirement Planning Counselor. She has passed five securities industry qualifying examinations and her BrokerCheck report lists 23 state securities licenses, including: California, Florida, Georgia, Hawaii, Indiana, Missouri, Oklahoma, Pennsylvania, Rhode Island, Texas, Vermont, and Washington. (Information current as of May 11, 2022.)

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