Christopher Tolman, Broker for UBS Financial Services, Accused of Recommending Unsuitable Investments

Tolman is facing two customer disputes regarding losses in the YES options overlay strategy.

The Sonn Law Group is investigating allegations that Christopher Tolman recommended unsuitable investments. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Christopher Tolman - UBS Financial ServicesChristopher Tolman (CRD#: 2066775) is currently the subject of two pending customer disputes. The first was filed in October of 2019, alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.

The client is seeking $750,000. The matter is pending. In the “Broker Comment” section, Tolman stated,

The arbitration was filed by a sophisticated, high net-worth client with experience investing in complex financial products. The client was advised of the relevant details of the investment product at issue, including its potential for downside volatility.

He then made an informed decision to purchase the investment product, concluding that it was consistent with his investment objectives and risk tolerance. The investment product subsequently performed poorly due to unanticipated market conditions. The client complaint did not name me of any member of my team.

The second customer dispute was filed in September 2019. This client also alleged unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The client is seeking $800,000. The matter is pending. In the “Broker Comment” section, Tolman stated,

The complaint came from an ultra-high net worth client who is very sophisticated about business, investments, and markets. The strategy was discussed several times over a period of months and the client was made fully aware of the strategy’s potential for volatility and the types of market environments that could lead to greater downside volatility.

After his review, the client made the decision he understood and liked the strategy and chose to participate at a level that represented a very small portion of his net worth. The client was also kept fully abreast of developments as more challenging market environments manifested.

Detailed notes of conversations were kept all throughout the process and the entire relationship. Subsequent to a difficult period for the strategy, the client then acted as though losses were unanticipated and something against which he should be inoculated.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Christopher Tolman recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.