Zachary Anderson Allegedly Misrepresented Options Trading

Zachary Anderson (CRD #: 3247098), a broker registered with UBS Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 13, 2024. Details concerning this dispute are provided below. 

Investor Allegations 

On July 2, 2024, an investor alleged that Zachary Anderson misrepresented the handling of options trading strategies for the investor’s account. He also allegedly breached his fiduciary duty. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

What is Options Trading? 

Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money. Writing an options contract means selling an options contract for a fee. A “put” option gives the buyer the right to sell shares at a certain price after a specified deadline. 

Background Information 

Zachary Anderson 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 
• Series 4 Registered Options Principal 

He is a registered broker in 36 states and D.C. He is a registered investment adviser in Michigan, Ohio, and Texas. 

Zachary Anderson has registered with the following firms: 

• UBS Financial Services (CRD #: 8174) 
• McDonald Investments (CRD #: 566) 
• Dean Witter Reynolds (CRD #: 7556) 

Kurta Law Can Help 

If you worked with Zachary Anderson and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.