Last Updated: February 2024 (Plano, Texas)
Steve Liddell Investigation Summary
Here’s what you need to know about Plano, Texas, stockbroker Steve Liddell:
- Name: Mr. Steve Liddell
- Current Employer: UBS Financial Services
- Previous Firms: Morgan Stanley & Co.
- Function: Stock Broker/ Financial Advisor
- Aliases: Steve Liddell
- Primary Location: Plano, Texas
- CRD 1509609
- Can Steve Liddell be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of between $100,000-$500,000.
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Steve Liddell As Your Stockbroker?
A customer of UBS Financial Services filed a FINRA arbitratrion in 8/2023 alleging that Steve Liddell made an unsuitable recommendation to invest in and hold an options overlay strategy resulting in damages in the range of $100,000-$500,000. This matter is currently pending.
Allegations of Broker Misconduct Against Steve Liddell
A customer of Steve Liddell has alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in and hold an options overlay strategy
- Misrepresentation
UBS Financial Services Yield Enhancement Strategy – An options overlay strategy targeting high net worth investors which promised an incremental yield on the investor’s portfolio. Investors were led to believe the YES Program was an Iron Corridor, a low risk options “overlay” strategy, however that was incorrect. Unlike an Iron Corridor, the UBS YES Program’s purchase (calls) and sale (puts) of options was not symmetrical. In addition, UBS bought put options which were further out of the money than the call options. If UBS customers had been apprised of the true risks of the YES Program, they would probably not have invested. Other investigations involving UBS Financial YES Strategy
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
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.
If you have suffered investment losses in an account handled by Steve Liddell, 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.
