Jose Cornide Jr., Broker with UBS Financial, Facing 8 Pending Customer Disputes Alleging Unsuitable Recommendations and Misrepresentation

The former customers are seeking over $30M in damages collectively.

Jose Manuel Cornide Jr. (CRD#: 2785918) is currently registered as a broker and investment adviser with UBS Financial Services in Coral Gables, FL, where he has been employed since 2004. Previously, Cornide was registered as a broker with Golman, Sachs & Co. from 1996 until 2004.

Cornide has thirteen disclosures on his BrokerCheck report, all of which are customer disputes. Two customer disputes were denied, while one was closed with no action taken. 

September 2020 Customer Dispute

• Status: Pending
• Allegations: Time frame: Starting around June 2016 the Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $3,000,000.00

February 2020 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2017-2019 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $25,000,000.00

December 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: Late 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $1,500,000.00

November 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $500,000.00

October 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $2,000,000.00

September 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $500,000.00

August 2019 Customer Dispute

• Status: Settled
• Allegations: Time frame: Mid 2015- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $500,000.00
• Settlement Amount: $375,000.00

July 2019 Customer Dispute

• Status: Settled
• Allegations: Time frame: 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Settlement Amount: $615,000.00

April 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: June 2016 – January 2019 Allegations: Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $10,000,000.00

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Jose Cornide Jr. 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.