Last Updated: December 2023 (Houston, Texas)
Francis Amsler Investigation Summary
Here’s what you need to know about Houston, Texas stockbroker Francis Amsler:
- Name: Mr. Francis Xavier Amsler
- Current Employer: Rockefeller Financial
- Previous Firms: UBS Financial Services, Merrill Lynch Pierce Fenner & Smith
- Function: Stock Broker/ Financial Advisor
- Aliases: Frank Amsler, Francis Xavier Amsler Jr. , Francis Amsler
- Primary Location: Houston, Texas
- CRD 2526813
- Can Francis Amsler be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $1,342,118
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Francis Amsler As Your Stockbroker?
Four customers of UBS Financial Services tries arbitration cases alleging that Francis Amsler breached his fiduciary duty, committed securities fraud, violated the Texas Securities Act and other causes of action in connection with the recommendation of an options overlay strategy. In each case the FINRA arbitration panel awarded damages in the amounts of $1.3 million, $1.2 million, $1.2 million and $975,000.
Eight other similar cases involving an alleged unsuitable recommendation involving an option overlay strategy were settled for millions.
Allegations of Broker Misconduct Against Francis Amsler
Customers of Francis Amsler have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in an options overlay strategy
- Violations of Texas Securities Act
- Failure to disclose risks
- Misrepresentations and omissions
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Francis Amsler, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
