Advisor Alert: Our Attorneys Are Investigating William Montgomery Cerf For Investment Fraud
Did You Lose Money Because of William Cerf?
Filed: March 18, 2024
William Cerf (also known as Monty Cerf) currently has two (2) pending customer complaints. Overall, he has been the subject of six (6) customer complaints. 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 Montgomery Cerf.
Who Is William Montgomery Cerf of UBS Financial Services, Inc.?
- Advisor Name: William Montgomery Cerf
- Aliases: Monty Cerf
- CRD: 2269462
- Location: New York, New York
- Current Employer: UBS Financial Services, Inc.
- Previous Firms: Barclays Capital Inc. and Lehman Brothers Inc.
- Number of Known Customer Complaints: 6
- Can William Cerf Be Sued: Yes, in Private Arbitration
- Can William Cerf’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $7,000,000
- Highest Settlement: $3,000,750
If you have suffered investment losses by William Cerf, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud 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 Cerf For Broker Misconduct
As of this publication date, William Cerf has been the subject of 6 customer disputes. Let’s review them below.
In September 2023, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. Per the customer, he/she lost over $3,000,000 because of Mr. Cerf’s actions. As of this publication date, this claim remains pending.
In July 2023, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. As of this publication date, this claim remains pending.
In December 2022, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. On November 20, 2023, Mr. Cerf settled the claim for $310,000, and some or all of this amount may have been paid by Mr. Cerf’s employer and/or insurance carrier.
In June 2020, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging fraud; misrepresentation; unsuitable product; breach of fiduciary duty; negligence; failure to supervise; and breach of contract under the federal securities laws, FINRA regulations, applicable New Mexico state securities laws and applicable common law. Per the customer, he/she lost over $1,109,484.73 because of Mr. Cerf’s actions. An arbitration panel found that William Cerf was negligent and awarded $1,447,087.40 in favor of the customers.
In February 2020, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging fraud; misrepresentation; unsuitability; unsuitable product; breach of fiduciary duty; negligence and breach of contract, under the federal securities laws, FINRA regulations, Florida securities statutes and applicable common law; respondeat superior; control person liability; and failure to supervise. Per the customer, he/she lost over $2,200,000 because of Mr. Cerf’s actions. An arbitration panel found that William Cerf was negligent and awarded $1,875,636.98 in favor of the customers.
In September 2019, a FINRA arbitration was filed against or in reference to William Cerf by a customer of UBS Financial Services, Inc. alleging fraud; misrepresentation; unsuitability; breach of fiduciary duty; and breach of contract; respondeat superior; control person liability; and failure to supervise. Per the customer, he/she lost over $7,000,000 because of Mr. Cerf’s actions. An arbitration panel found that William Cerf was negligent and awarded $3,000,750 in favor of the customers.
How To File A Claim Against William Cerf of UBS Financial Services, Inc. (previously with Barclays Capital Inc. and Lehman Brothers Inc.) To Get Your Money Back
If you have questions about William Cerf, UBS Financial Services, Inc., Barclays Capital Inc., Lehman Brothers 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.