Mark Elias, with UBS Financial Services, Subject of Customer Complaints

HOUSTON, TEXAS

Did you lose money with advisor Mark Elias, of UBS Financial Services in Houston, Texas?  Elias has been the subject of four customer complaints since 2019, including two that are pending.

A review of his BrokerCheck report reveals that the two pending cases both involve the use of YES – yield enhancement strategy.  UBS’ YES was supposed to use an options overlay strategy to generate returns and lower risk, but instead, the strategy caused significant losses.

Mark Steven Elias has been with UBS Financial Services since 2003.  He works in a Houston, Texas office.

FINRA Rule 2111 provides that brokerage firms and advisors must provide suitable investment recommendations to customers.  Failures to abide by Rule 2111 could subject the firm or advisor to compensatory damages.

We represent clients all over the country, including investors in Texas.  We have recovered millions of dollars for investors against numerous firms, including UBS.

View Elias, m BrokerCheck 4.16.23

If you lost money with Mark Elias or UBS Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.