MARK LAING LICHTENFELD is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 500 CAMPUS DRIVE, 2ND FLOOR, FLORHAM PARK, NJ, 07932.
MARK LAING LICHTENFELD has worked at UBS FINANCIAL SERVICES INC. since February 13, 2009
Disclosure History
MARK LAING LICHTENFELD has 2 Disclosure Event(s).
Date: March 07, 2012 Category: Customer Dispute Allegations: TIME FRAME: FEBRUARY 2009 - MARCH 2012AUTHORIZED INDIVIDUAL ALLEGES FINANCIAL ADVISOR PLACED CLIENT INTO UNSUITABLE INVESTMENTS. AUTHORIZED INDIVIDUAL FURTHER ALLEGES FINANCIAL ADVISOR FALSELY ADVISED CLIENT SHE HAD A DISCRETIONARY ACCOUNT AND MADE CHANGES IN HER INVESTMENTS. AUTHORIZED INDIVIDUAL FURTHER ALLEGES CLIENT'S ACCOUNT WAS BEING CHURNED. Damage Amount Requested: $300,000.00 Broker Comment: ON AUGUST 28, 2012, THE FIRM REAFFIRMED ITS POSITION THAT I DID NOT EXCESSIVELY TRADE OR MAKE UNSUITABLE RECOMMENDATIONS IN THE CLIENT'S ACCOUNT WHILE UNDER MY WATCH AND DENIED ALL THE ALLEGATIONS AS STATED BY THE POA. THE CLIENT WAS ENROLLED IN A DISCRETIONARY MANAGED ACCOUNT AND MY INVESTMENT STRATEGY REMAINED CONSISTENT WITH THE CLIENT'S STATED OBJECTIVES THROUGHOUT THE TENURE OF MY HANDLING OF HER PORTFOLIO.
Date: March 04, 2003 Category: Customer Dispute Allegations: CLAIMANT ALLEGES BROKER CONTINUED TO RECOMMEND BUYING AND HOLDING WORLDCOM FORM MARCH, 2000 TO FEBRUARY, 2002 BASED OFF OF BIASED RESEARCH. Damage Amount Requested: $1,000.00 Settlement Amount: $5,000.00
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