Benjamin Walker Facing an $8 Million Unsuitability Dispute

Benjamin Walker (CRD #:4980276), a broker and investment advisor registered with UBS Financial Services, is involved in a pending investor dispute, according to his BrokerCheck record accessed on March 26, 2022. 

Investor Allegations

On December 27, 2021, Benjamin Walker was named in an investor dispute alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The investor is seeking $8,000,000.

Options trading can be risky and is not typically suitable for inexperienced investors. 

FINRA Rules 2111 and 2020

Brokers who recommend securities are subject to FINRA rules and regulations. 

• FINRA Rule 2111 requires registered brokers to have a “reasonable basis” to believe that a transaction or investment strategy suits their client’s needs.
• FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or persuading individuals to buy investments with misleading statements about their potential benefits. 
• Benjamin Walker’s alleged unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. 

Background Information

Benjamin Walker has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination

Benjamin Walker is a registered broker in 27 states. He is also a registered investment advisor in Texas and Tennessee.

Besides UBS Financial Services, Benjamin Walker has also worked with Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#: 7691).

Kurta Law Can Help

If you suffered losses after working with Benjamin Walker, don’t hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.