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Options Complaints Against UBS Rep Nicholas Finn

Financial Industry Regulatory Authority (FINRA) records reveal that New York City broker and investment adviser Nicholas Finn (CRD# 2295090) has received three pending customer complaints regarding an options overlay strategy investment. The complaints against the UBS Financial Services representative cumulatively seek at least $6 million in damages.

One of the complaints, filed in August 2019, alleges that Finn made false representations of facts connected with the options overlay strategy investment, which the complaint alleges was not suitable for the customer’s profile and needs. The complaint seeks unspecified damages.

Another complaint, filed in May 2019, also alleges Finn misrepresented material facts regarding the allegedly unsuitable options overlay strategy between 2018 and the present. This complaint seeks $6 million in damages.

A third complaint alleges Finn, as a UBS Financial Services representative, misrepresented the options overlay investment, which the complaint alleges was not suitable for the customer. This complaint, filed in May 2019, alleges the time frame of the misconduct was from 2017 until the present. It also seeks unspecified damages.

All three of the above complaints concern Nicholas Finn’s conduct as a representative of UBS Financial Services, and all three are pending.

Nicholas Finn’s FINRA records list one other customer complaint. In 2004 a customer alleged that as a representative of Lehman Brothers, Finn provided unsuitable investment advice that led to losses. The complaint reached a settlement in 2006 of $35,000.

Nicholas Finn has been registered with UBS Financial Services in New York City since 2015. His previous registrations include Credit Suisse Securities in New York City, where he was registered from 2008 until 2015; Lehman Brothers in New York City, where he was registered from 1998 until 2008; Fiduciary Financial Services Corporation in San Mateo, California, where he was registered from 1997 until 1998; and Sanford C. Bernstein & Company, where he was registered from 1993 until 1996. He has passed five securities industry qualifying examinations and his BrokerCheck report lists 24 state securities licenses. (Information current as of July 12, 2020.)

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