Mark Elias: Investor Seeks $400,000 in Options Overlay Strategy Complaint
Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 26, 2019 indicate that Texas-based UBS Financial Services broker/adviser Mark Elias has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Elias (CRD# 2938707).
Mark Elias has spent 21 years in the securities industry and has been registered with UBS Financial Services in Houston, Texas since 2003. He was previously registered with Morgan Stanley & Company in New York, New York (1997-2003). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on October 31, 1997; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 3 (National Commodity Futures Examination), which he obtained on October 27, 1997; and Series 7 (General Securities Representative Examination), which he obtained on October 20, 1997. He is a registered broker and investment adviser with 24 US states and territories: California, Colorado, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Illinois, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New Mexico, North Carolina, Pennsylvania, Puerto Rico, Tennessee, Texas, Virginia, and Wyoming.
According to his BrokerCheck report, he has received one pending customer complaint.
In May 2019 a customer alleged Mark Elias, while employed at UBS Financial Services, misrepresented material facts and recommended an unsuitable investment in an options overlay strategy. The customer is seeking $400,000 in damages in the pending complaint.
If you or someone you know has a complaint regarding Mark Elias, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.