Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on July 15, 2016 indicate that Virginia-based UBS broker/adviser William Carlton has been the subject of resolved and pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Carlton (CRD# 1132967).
William Carlton has spent 33 yelienars in the securities industry and has been registered with UBS Financial Services in Vienna, Virginia since 2007. Previous registrations include Citigroup Global Markets in McLean, Virginia (1993-2007); Lehman Brothers in New York, New York (1991-1993); Dean Witter Reynolds, New York (1989-1991); Wheat First Securities (1984-1987); and San Diego Securities (1983-1984). He is a registered broker and investment adviser with 20 US states and territories: California, Colorado, Delaware, the District of Columbia, Florida, Georgia, Kansas, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Utah, and Virginia.
According to his BrokerCheck report, William Carlton has received four customer complaints, one pending customer complaint, and two judgments or liens.
In January 2015, a customer alleged William Carlton, while employed at UBS Financial Services, made unsuitable investment recommendations and over-concentrated investments in real estate limited partnerships and oil and gas stocks. The complaint settled for $28,000.
In October 2015, a customer alleged William Carlton, while employed at UBS Financial Services, recommended unsuitable and concentrated investments in exchange traded funds, mutual funds, and equity products. The customer is seeking $1,264,355 in damages in the pending complaint.
In 2014, the Internal Revenue Service filed a civil lien totaling $149,669.96 against William Carlton. The lien remains outstanding.
In 2014, the Internal Revenue Service filed a tax lien totaling $132,060.96 against William Carlton. The lien remains outstanding.
In 2014, a customer alleged William Carlton, while employed at UBS Financial Services, made unsuitable recommendations and failed to completely explain or disclose risks involved with an exchange-traded notes investment. The complaint settled for $185,000.
In 2013, a customer filed a complaint against William Carlton, while he was employed at UBS Financial Services, alleging that her 67% equity portfolio was “totally out of line.” The complaint settled for $187,000.
In 2012, a customer alleged William Carlton, while employed at UBS Financial Services, breached contract, breached his fiduciary duty, failed to supervise, misrepresented material facts associated with an investment, churned the account, recommended unsuitable mutual funds and ETFs, and acted negligently. The complaint settled in 2015 for $130,000.
If you or someone you know has a complaint regarding William Carlton call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup losses. Fitapelli Kurta accepts every case on contingency: we only get paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.