Last Updated: September 2023 (Houston, Texas)
Marc Laborde Investigation Summary
Here’s what you need to know about Houston, Texas, stockbroker Marc Laborde:
- Name: Mr. Marc E. Laborde
- Current Employer: Rockefeller Financial LLC
- Previous Firms: UBS Financial Services, Merrill Lynch, Pierce, Fenner & Smith
- Function: Stock Broker/ Financial Advisor
- Aliases: Marc Laborde
- Primary Location: Houston, Texas
- CRD 4975479
- Can Marc Laborde be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement : $3,862,629
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Marc Laborde As Your Stockbroker?
Marc Laborde was registered with UBS Financial 11/2008-8/2020. During the course of his employment with UBS Financial Services he recommended that a number of his customers engage in an managed account/ option trading strategy call the Yield Enhancement Strategy (“YES”). This strategy proved to be flawed resulting in large losses for many customers of UBS Financial Services.
According to FINRA records 12 of Laborde’s customers recovered a total of more than $10,000,000 in settlements and FINRA arbitration awards for claims related to the UBS Financial Services YES option trading strategy.
Allegations of Broker Misconduct Against Marc Laborde
Customers of Marc Laborde have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation
- Violation of Texas Securities Act
- Violation of Sections 10(b) and 10(b)(5) of the Securities Exchange Act
- Misrepresentation
- Breach of Fiduciary Duty
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 Marc Laborde , contact us for a complimentary consultation with an experience 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.
