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Eric Schwartz: Investor Seeks $850,000 in Options Overlay Strategy Complaint

Eric SchwartzPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 18, 2019 indicate that New York-based Purshe Kaplan Sterling broker/adviser Eric Schwartz has received pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Schwartz (CRD# 2273076).

Eric Schwartz has spent 25 years in the securities industry and has been registered with Purshe Kaplan Sterling Investments in Short Hills, New Jersey and Albany, New York since January 2019. Previous registrations include UBS Financial Services in Florham Park, New Jersey (2009-2019) and Citigroup Global Markets in Morristown, New Jersey (1994-2009). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 11, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 5, 1994; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 31 (Futures Managed Funds Examination), which he obtained on March 24, 2004; and Series 7 (General Securities Representative Examination), which he obtained on March 5, 1994. He is a registered broker and investment adviser with 18 US states and territories: Arizona, California, Colorado, Florida, Illinois, Indiana, Kansas, Maine, Massachusetts, Michigan, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, and Virginia.

According to his BrokerCheck report, he has received two pending customer complaints.

In May 2019 a customer alleged Eric Schwartz, while employed at UBS Financial Services, misrepresented and recommended an unsuitable options overlay strategy. The customer is seeking $850,000 in damages in the pending complaint.

In April 2019 a customer alleged Eric Schwartz, while employed at UBS Financial Services, misrepresented material facts and recommended an unsuitable investment in an options overlay strategy. The customer is seeking $500,000 in damages in the pending complaint.

If you have lost money investing with Eric Schwartz, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.