THOMAS CHARLES OBERLE is currently employed as a Broker and/or Investment Adviser at UBS FINANCIAL SERVICES INC. located at 401 EAST LAS OLAS BOULEVARD, LAS OLAS CENTRE, FT. LAUDERDALE, FL, 33301.
THOMAS CHARLES OBERLE has worked at UBS FINANCIAL SERVICES INC. since March 24, 2003
Disclosure History
THOMAS CHARLES OBERLE has 2 Disclosure Event(s).
Date: September 18, 2012 Category: Customer Dispute Allegations: TIME FRAME: 2006 - 2011CLIENT ALLEGES THAT FA FAILED TO RECOMMEND A STRATEGY TO REDUCE THE RISK OF HER CONCENTRATED POSITION IN CISCO 5. PRODUCT TYPE(S): (SELECT ALL THAT APPLY) Damage Amount Requested: $100,000.00 Settlement Amount: $30,000.00 Broker Comment: I BELIEVE THESE CLAIMS TO BE WITHOUT MERIT. IN FACT, I RECOMMENDED ON MULTIPLE OCCASIONS THAT THE CLIENT REDUCE THEIR CISCO POSITION TO PAY OFF THE MARGIN BALANCE. MY NUMEROUS ATTEMPTS TO DISCUSS THE RISKS ASSOCIATED WITH CARRYING A MARGIN BALANCE WITH THE CLIENT WERE MET WITH HER REFUSAL TO SPEAK WITH ME AND A REQUEST THAT I NOT CONTACT HER FURTHER. THIS SETTLEMENT DOES NOT REFLECT ANY ACKNOWLEDGEMENT OR ADMISSION OF ANY LIABILITY OR MISCONDUCT ON MY PART WHATSOEVER. THE FIRM, WHO ALSO DENIED THE ALLEGATIONS, MADE A BUSINESS DECISION TO SETTLE THIS MATTER TO AVOID THE POTENTIAL COSTS AND UNCERTAINTIES OF THE ARBITRATION FORUM. I WAS NOT ASKED TO NOR DID I CONTRIBUTE ANY AMOUNT TOWARDS THE SETTLEMENT.
Date: June 05, 2012 Category: Customer Dispute Allegations: CLIENT ALLEGES FINANCIAL ADVISOR FAILED TO SELL ALL STOCK IN ACCOUNT WHEN INSTRUCTED TO LIQUIDATE PORTFOLIO. TIME FRAME: OCTOBER 1, 2008 - JUNE 5, 2012. Broker Comment: I DENY THE ALLEGATIONS AS I NEVER RECEIVED A SELL ORDER FROM THE CLIENT. I HAD NUMEROUS CONVERSATIONS WITH THE CLIENT OVER MEMC ELECTRONICS. EACH TIME SHE ASKED "WHAT SHOULD I DO" AND EACH TIME, I READ HER THE UBS RESEARCH (AND SENT IT TO HER) THAT SAID BUY. AT THE END OF EACH CONVERSATION, I DID NOT HAVE A SELL ORDER. THE CLIENT TRANSFERRED THE ACCOUNT TO ANOTHER FIRM IN LATE 2008 AND THROUGH THE YEARS AND WHEN SHE HAS CALLED I HAVE QUOTED UBS RESEARCH, STILL BUY." AS A REGISTERED BROKER, I CANNOT ACT ON ANY TRANSACTION WITHOUT THE EXPRESSED CONSENT OF THE CLIENT - WHICH I NEVER RECEIVED. FOR THE CLIENT TO COME BACK NOW, AFTER THIS LENGTH OF TIME, AND MAKE THESE ALLEGATIONS AFTER THE TIME I SPENT WITH HER REGARDING THIS INVESTMENT IS DISAPPOINTING.
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
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.
To view the full report for THOMAS CHARLES OBERLE, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.