AHMIEL ELIEZER BAUM is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at BNY MELLON CENTER, 500 GRANT STREET, 46TH FLOOR, PITTSBURGH, PA, 15219.
AHMIEL ELIEZER BAUM has worked at UBS FINANCIAL SERVICES INC. since April 03, 1993
Disclosure History
AHMIEL ELIEZER BAUM has 4 Disclosure Event(s).
Date: July 08, 2005 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT FINANCIAL ADVISOR "MADE AN UNSUITABLE RECOMMENDATION TO GO INTO THE(PAINEWEBBER) ACCESS PROGRAM IN 1993. ALLEGED DAMAGES: ESTIMATED TO EXCEED $5000. Broker Comment: I DENY THIS COMPLAINT. IT IS BASELESS AND WITHOUT MERIT.
Date: March 31, 1999 Category: Regulatory Initiated By: CBOE Allegations: SEE SUMMARY Resolution: Decision SanctionDetails: Sanctions: Censure Sanction Details: AHMIEL E. BAUM, A REGISTERED REPRESENTATIVE OFPAINE WEBBER, INCORPORATED ("PAINEWEBBER"), AN EXCHANGE MEMBERORGANIZATION, WAS CENSURED. Broker Comment: IN ITS DECISION, THE CBOE ACKNOWLEDGED THAT THECUSTOMER HAD GIVEN MR. BAUM CERTAIN VERBAL AUTHORIZATION TO USEDISCRETIOIN IN THE CUSTOMER'S ACCOUNT.
Date: January 26, 1998 Category: Customer Dispute Allegations: CLAIMANTS ASSERTED ALLEGATION OFUNSUITABILITY AND UNAUTHORIZED TRADING IN CONNECTION WITH THEPURCHASE OF CALL OPTIONS FROM JULY 1997 TO DECEMBER 1997.CLAIMANTS WHO HAD A NET WORTH IN EXCESS OF $8 MILLION AND MORETHAN $3 MILLION INVESTED AT PAINEWEBBER, ALLEGED LOSSES OF$680,000 TRADING OPTIONS. CLAIMANTS CONTENDED THAT RESPONDENTAHMIE BAUM EXCEEDED THE $300,000 AMOUNT THAT THEY AUTHORIZEDFOR OPTIONS TRADING. Damage Amount Requested: $680,000.00 Settlement Amount: $580,000.00 Broker Comment: PAINEWEBBER AND MR BAUM DENIED THE ALLEGATIONSBY CLAIMANTS, AND ARGUED THAT CLAIMANTS WERE HIGH-NET WORTHINVESTORS WHO ASKED MR. BAUM TO EMULATE THE OPTIONS TRADINGDONE BY CLAIMANT'S BROTHER, WHO WAS AND REMAINS A CLIENT OF MR.BAUM. NONETHELESS, IN AN EFFORT TO AVOID THE UNCERTAINTY ANDRISKS ASSOCIATED WITH ARBITRATION, THE PARTIES AGREED TO SETTLETHE MATTER FOR $580,000. MR. BAUM HAS AGREED TO CONTRIBUTE TOTHE SETTLEMENT.FOR FURTHER INFORMATION, PLEASE CONTACT [BROKER DEALER CONTACT PERSON] AT 201-902-6669.
Date: November 17, 1987 Category: Customer Dispute Allegations: SHEARSON FILED AN ACTION AGAINST A CLIENT,[CUSTOMER] SEEKING PAYMENT OF A DEBIT BALANCE. THE CLIENTCOUNTER CLAIMED ALLEGING THE DEBIT AND LOSS OF $147,000.00RESULTED FROM UNAUTHORIZED USE OF DESCRETION. Damage Amount Requested: $147,000.00 Settlement Amount: $73,500.00 Broker Comment: SHEARSON AGREED TO WRITE OFF THE DEBIT BALANCEAND PAY THE CLIENT, [CUSTOMER], THE SUM OF $22,500.00. I AM TO PAYSHEARSON THE SUM OF $36,750.00 WHICH REPRESENTS 50% OF THESETTLEMENT AMOUNT.
More Information
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