John Carolyn, a broker with UBS Financial Services Inc., has been accused
by several clients of overconcentrating their investments in oil and gas
According to his FINRA report, John Carolyn (CRD# 4485799) has been the
subject of five customer complaints since June 2016 alleging that Carolyn
recommended and sold an overconcentration in energy and oil and gas investments.
Carolyn is currently registered with UBS in Houston, Texas. Four of the
customer disputes have been settled and one is currently pending.
Brokers have an obligation to only make investment recommendations that are
suitable for their customers. Brokers and brokerage firms must take into consideration
investors’ unique needs and ensure that the investments they recommend
will be proportionate and appropriate based on the investors’ goals
and financial situations.
Investors who believe their broker may have overconcentrated their portfolio
or made unsuitable recommendations should contact an experienced legal
team to help recover their losses.
The team at Meyer Wilson has helped investors across the country who were
victims of overconcentration and unsuitable recommendations at the hands
of their stockbrokers. Call Meyer Wilson’s attorneys to evaluate
your case today!