Alex Williams (CRD# 2646185), a broker and investment adviser based in New York, has received a pending customer complaint. According...Read More
Options Complaint Against UBS Rep Christopher Aitkin
Publicly available records maintained by the Financial Industry Regulatory Authority (FINRA) reveal that Ponte Vedra, Florida-based broker and investment adviser Christopher Aitkin (CRD# 1470109) has received a pending customer complaint. Aitkin is a representative of UBS Financial Services, where he has been registered with the firm’s Ponte Vedra and Edwards, Colorado offices since 2017.
The pending complaint was filed in June 2019. It alleges that as a representative of UBS Financial Services, Aitkin made misrepresentations and recommended an unsuitable options overlay strategy. The complaint states that its time frame is from 2017 until the present. It seeks damages of $1,835,184.30, and remains pending. The complaint most likely relates to the UBS YES Strategy.
The term suitability typically refers to an investor’s specific investment profile and needs; misrepresentation typically refers to a false statement of material facts. FINRA Rule 2111 required that investments conform with FINRA-mandated suitability requirements before a broker or adviser recommends it to an investor.
Christopher Aitkin has been registered with UBS Financial Services in Ponte Vedra, Florida and Edwards, Colorado since 2017. His previous registrations include Merrill Lynch in Ponte Vedra Beach, where he was registered from 2009 until 2017; Stanford Capital Management and Stanford Group Company in Baltimore, Maryland, where he was registered from 2008 until 2009; Citigroup Global Markets in Lutherville, Maryland, where he was registered from 1993 until 2008; and Lehman Brothers in New York, New York, where he was registered from 19986 until 1993. His self-regulatory organizations include BOX Exchange LLC, FINRA, NYSE American LLC, NYSE Arca, Inc., Nasdaq ISE, LLC, and Nasdaq Stock Market. He has passed five securities industry qualifying examinations and his BrokerCheck report lists 23 state securities licenses. (Information current as of July 12, 2020.)