Todd Perry: Options Complaints Against UBS Rep

New York City-based broker and investment adviser Todd Perry (CRD# 2939050) has received two customer complaints alleging misconduct surrounding an options overlay strategy investment. One of the complaints against the UBS Financial Services representative is pending, while the other reached a six-figure settlement, according to records provided by the Financial Industry Regulatory Authority. 

The most recent complaint, filed in June 2020, alleges that between 2017 and 2019, Todd Perry engaged in misrepresentation, and unsuitably recommended the customer invest in an options overlay strategy recommended by UBS Financial Services. The customer seeks $1 million in damages in the pending complaint.

The second complaint similarly alleges misrepresentation and unsuitability connected to a recommendation by Todd Perry that the customer invest in the UBS options strategy. This complaint’s time frame is from January 2017 until the present. It reached a settlement of $500,000.

Todd Perry has been registered with UBS Financial Services in New York, New York and Margate, New Jersey since 2008, according to his FINRA-maintained BrokerCheck report. His registration history includes three other firms: Deustche Bank Securities in New York City, where he was registered from 2002 until 2008; Merrill Lynch in New York City, where he was registered from 1998 until 2002; and Lehman Brothers in New York, New York, where he was registered from 1997 until 1998. He has passed five securities industry examinations, including the Securities Industry Essentials Examination, the General Securities Representative Examination, and the Uniform Investment Adviser Law Examination. His BrokerCheck report lists 42 state securities licenses, including: Alabama, Alaska, Florida, Illinois, Louisiana, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Texas, Utah, and Virginia. His self-regulatory organization registrations include FINRA, the Chicago Board Options Exchange, NYSE Arca, and the Nasdaq Stock Market. (Information current as of May 11, 2022.)

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