Advisor Alert: Our Attorneys Are Investigating William Jeffrey Carlton For Investment Fraud
Did You Lose Money Because of William Carlton?
Filed: January 29, 2024
William Carlton currently has two (2) pending judgment/lien events. Overall, he has been the subject of seven (7) customer complaints, one (1) termination event, and two (2) judgment/lien events. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on William Jeffrey Carlton.
Who Is William Jeffrey Carlton of Aegis Capital Corp.?
- Advisor Name: William Jeffrey Carlton
- Aliases: William Carlton, W Jeffrey Carlton
- CRD: 1132967
- Location: McLean, Virginia and Melville, New York
- Current Employer: Aegis Capital Corp.
- Previous Firms: UBS Financial Services Inc. and Citigroup Global Markets Inc.
- Number of Known Customer Complaints: 7
- Number of Known Termination Events: 1
- Number of Known Judgment/Lien Events: 2
- Can William Carlton Be Sued: Yes, in Private Arbitration
- Can William Carlton’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,264,355
- Highest Settlement: $657,998.24
If you have suffered investment losses by William Carlton, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against William Carlton For Broker Misconduct
As of this publication date, William Carlton has been the subject of 7 customer disputes, 1 termination event, and 2 judgment/lien events. Let’s review them below.
In December 2023, UBS Financial Services Inc. terminated William Carlton for loss of confidence after he violated firm policy by soliciting leveraged ETFs and mismarking trades as unsolicited.
In October 2020, William Carlton was the subject of a civil judgment or lien in the amount of $623,692. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In April 2019, William Carlton was the subject of a civil judgment or lien in the amount of $486,773.52. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
In February 2017, a complaint was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging that the client had issues regarding the number of trades and the overall commissions regarding the trading strategy they were employing with Mr. Carlton. On May 24, 2017, Mr. Carlton settled the claim for $657,998.24, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In November 2016, a FINRA arbitration was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging that Mr. Carlton recommended unsuitable and concentrated positions in the energy sector. Per the customer, he/she lost over $525,000 because of Mr. Carlton’s actions. On November 9, 2017, Mr. Carlton settled the claim for $295,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In October 2015, a FINRA arbitration was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging that Mr. Carlton recommended unsuitable and concentrated positions in mutual funds, ETFs and equity investments. Per the customer, he/she lost over $1,264,355 because of Mr. Carlton’s actions. On April 26, 2017, Mr. Carlton settled the claim for $575,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In January 2015, a complaint was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging suitability and concentration in real estate limited partnerships and oil and gas stocks. On August 10, 2015, Mr. Carlton settled the claim for $28,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In March 2014, a complaint was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging that the investment in her account were not suitable for some of her investment experience, was not properly diversified and did not meet her investment objectives. The client further alleges that the risks were not fully explained or disclosed to her regarding these types of investments. Per the customer, she lost over $311,287 because of Mr. Carlton’s actions. On May 19, 2014, Mr. Carlton settled the claim for $185,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In January 2013, a complaint was filed against or in reference to William Carlton by a customer of UBS Financial Services Inc. alleging that considering the client’s 80 year age she was told that their portfolio which is 67% equity is totally out of line. On October 18, 2013, Mr. Carlton settled the claim for $187,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
In February 2012, a FINRA arbitration was filed against or in reference to William Carlton by multiple customers of UBS Financial Services Inc. alleging that Mr. Carlton recommended unsuitable investments. The claimants further allege breach of contract, breach of fiduciary duty, negligence, unauthorized trading, churning, misrepresentation and failure to supervise. Per the customers, they lost over $461,000 because of Mr. Carlton’s actions. On February 20, 2015, Mr. Carlton settled the claim for $130,000, and some or all of this amount may have been paid by Mr. Carlton’s employer and/or insurance carrier.
How To File A Claim Against William Carlton of Aegis Capital Corp. (previously with UBS Financial Services Inc. and Citigroup Global Markets Inc.) To Get Your Money Back
If you have questions about William Carlton, Aegis Capital Corp., UBS Financial Services Inc., Citigroup Global Markets Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.