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Investor Alleges Mitchell Riesenberger Misrepresented Options Overlay Strategy

Mitchell Riesenberger (CRD #: 2990475), a broker registered with UBS Financial Services, allegedly made misrepresentations, according to his BrokerCheck record, accessed on November 12, 2022. Read on to learn more about Mitchell Riesenberger’s conduct as a broker.

Investor Dispute

On August 31, 2022, an investor alleged that Mitchell Riesenberger made misrepresentations and violated suitability with respect to his recommendations to invest in and hold an options overlay strategy starting in or around 2015. The client seeks $620,000 in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulation, deception, or other fraudulent means of influencing investors’ decisions. This includes the misrepresentation of an investment’s features, risks, or potential returns.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. Brokers must examine the information described in an investor’s profile, such as their risk tolerance, tax status, and investment goals.

Investors who rely on their brokers for recommendations may be able to recover their losses through FINRA arbitration.

Background Information

Mitchell Riesenberger has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Mitchell Riesenberger is a registered broker in 21 states and the District of Columbia. He is also a registered investment adviser in New Jersey and Texas.

He has also worked for the following firms:

  • Credit Suisse Securities (USA) (CRD#:816)
  • Donaldson, Lufkin & Jenrette Securities (CRD#:7560)
  • First Union Capital Markets Corporation (CRD#:6124)

Kurta Law Can Help

If you worked with Mitchell Riesenberger and you have concerns about your investments, please contact us today at 877-600-0098 or 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.