Lizzie DeCarlo Allegedly Made Misrepresentations About Options Overlay Strategy

Lizzie DeCarlo (CRD #: 4979403), a broker registered with UBS Financial Services, allegedly made misrepresentations relating to an investment strategy, according to her BrokerCheck record, accessed on March 2, 2023. If you have questions about her alleged conduct as a broker, keep reading.

Investor Dispute

On December 16, 2022, an investor alleged that Lizzie DeCarlo made unsuitable recommendations and misrepresentations from Fall 2017 to December 2018 in relation to an options overlay strategy. The client seeks $500,000 in damages in this pending dispute.

FINRA Rule 2020

The misrepresentation of facts related to investments violates FINRA Rule 2020, which prohibits the use of manipulative, deceptive, and otherwise fraudulent tactics to influence investors’ decisions.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their recommendations of securities or investment strategies to an investor’s profile. This profile describes an investor’s tax status, age, and overall financial situation. 

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds through FINRA arbitration.

Background Information

Lizzie DeCarlo has passed the following exams:

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

Lizzie DeCarlo is a registered broker in 31 states and the District of Columbia. She is also a registered investment adviser in Connecticut, New Jersey, New York, and Texas.

She previously worked for Credit Suisse Securities (USA) (CRD#:816).

Kurta Law Can Help

If you worked with Lizzie DeCarlo and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want 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.