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EVAN FISHMAN

EVAN FISHMAN is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 600 NORTHPARK TOWN CENTER, 1200 ABERNATHY ROAD SUITE 1850, ATLANTA, GA, 30328.

EVAN FISHMAN has worked at UBS FINANCIAL SERVICES INC. since June 16, 2006

Disclosure History

EVAN FISHMAN has 3 Disclosure Event(s).

Date: February 12, 2013
Category: Customer Dispute
Allegations: THE CUSTOMER ALLEGES MISREPRESENTATION FROM MARCH 2000 TO NOVEMBER 2012.
Settlement Amount: $225,000.00
Broker Comment: I CATEGORICALLY DENY THE ALLEGATIONS CLAIMED BY THE COMPLAINANT. THIS INVESTMENT WAS MADE 13 YEARS AGO AND IF THE CLIENT FELT THAT THIS INVESTMENT WAS NOT APPROPRIATE, WHY WAIT 13 YEARS TO NOW MAKE THIS CLAIM? AT NO TIME DID I EVER MAKE ANY GUARANTEES OF AN 8% RETURN NOR STATE THAT THE INTERNET TRUST WAS A PRUDENT WAY FOR THE CLIENT TO DIVERSIFY HIS PORTFOLIO. IN FACT, THE CLIENT SIGNED A SUBSCRIPTION AGREEMENT WHERE HE ACKNOWLEDGED THAT HE HAD RECEIVED AND CAREFULLY READ A COPY OF THE PPM, HAD CAREFULLY REVIEWED THE RISKS ASSOCIATED AND REVIEWED OTHER CONSIDERATIONS RELATING TO THE INTERNET TRUST AND THAT HE, THE CLIENT, MET THE SUITABILITY REQUIREMENTS FOR INVESTING IN THE TRUST. FURTHERMORE, THIS SETTLEMENT DOES NOT REFLECT ANY ACKNOWLEDGEMENT OR ADMISSION OF ANY LIABILITY OR MISCONDUCT ON MY PART WHATSOEVER. IN FACT, MERRILL LYNCH DENIED THE CLIENT'S CLAIM BY LETTER DATED FEBRUARY 20, 2013 STATING THAT THEIR REVIEW OF THE MATTER FOUND THAT THE CLIENT CONSENTED TO THIS INVESTMENT AND THAT THE INVESTMENT WAS SUITABLE FOR THE CLIENT AT THE TIME OF PURCHASE. MERRILL LYNCH SETTLED THIS CASE STRICTLY AS A BUSINESS DECISION TO AVOID THE UNCERTAINTIES AND EXPENSE OF AN ARBITRATION CASE. FINALLY, I DID NOT, NOR WAS I ASKED TO PERSONALLY CONTRIBUTE ANY AMOUNT TOWARDS THE SETTLEMENT OF THIS CASE.

Date: September 03, 2004
Category: Regulatory

Date: April 19, 2001
Category: Customer Dispute
Allegations: CUSTOMER ALLEGES UNSUITABLE AND UNAUTHORIZED DISCRETION IN HIS ACCOUNT.
Damage Amount Requested: $120,000.00
Settlement Amount: $23,099.00
Broker Comment: THE CLAIM IS DENIED. CUSTOMER ADMITS THAT HE AUTHORIZED THE PURCHASE OF COVERED CALLS. THE PURCHASE OF COVERED CALLS WAS TO PROTECT CUSTOMER'S DOWNSIDE RISK. AFTER SEVERAL DAYS, THE CUSTOMER DECIDED HE DID NOT WANT THE COVERED CALLS. HE WAS PRESENTED WITH HIS OPTIONS OF WHAT HE COULD DO. CUSTOMER DECIDED TO HOLD THE COVERED CALL POSITIONS. ONLY AFTER A DECLINE IN VALUE DID THE CUSTOMER COMPLAIN. THE MATTER WAS SETTLED TO AVOID DEFENSE COSTS AND TO AVOID THE VAGARIES OF LITIGATION.

More Information

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A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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