Monty Cerf, Broker with UBS Financial, Named in Multiple Customer Dispute Seeking Over $19M in Damages

Cerf’s customer disputes allege that he made unsuitable investment recommendations and made misrepresentations.

The Sonn Law Group is investigating allegations that Monty Cerf committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

William Montgomery “Monty” Cerf (CRD#: 2269462) is currently registered as a broker and investment adviser with UBS Financial Services in New York, NY, where he has been employed since 2015. Previously, Cerf was registered as a broker and investment adviser with  Barclays Capital from 2008 until 2015. 

Cerf has seven disclosures on his BrokerCheck report.

July 2020 Customer Dispute

• Status: Pending
• Allegations: Time frame: Late 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $1,000,000.00
• Broker Comment: The client did not name  me as a party to the arbitration. I am comfortable that I handled the customer  account properly and acted in the best interests of the client at all times.

June 2020 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2016-2020 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $700,000.00
• Broker Comment: The client did not name  me as a party to the arbitration. I am comfortable that I handled the customer  account properly and acted in the best interests of the client at all times.

February 2020 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2017-2019 Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $2,200,000.00

October 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: Late 2015- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $5,000,000.00
• Broker Comment: I disagree with and deny all allegations from the clients, who are highly experienced sophisticated investors. I was not specifically named in the arbitration filing. I am comfortable that the options trading strategy and how it operated were fully explained to the client. They understood the risks and potential rewards of investing  in this product and  spoke to the team running the strategy. I am comfortable that this customer was treated fairly, the account was handled properly, and that I acted in the best interests of the client at all times.

September 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: Mid 2016- present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $7,000,000.00

August 2019 Customer Dispute

• Status: Pending
• Allegations: Time frame: 2016 – present Claimant’s counsel alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy.
• Damage Amount Requested: $600,000.00
• Broker Comment: I disagree with and deny all allegations from the clients, who are highly experienced sophisticated investors. I was not specifically named in the arbitration filing. I am comfortable that the options trading strategy and how it operated were fully explained to the client. They understood the risks and potential rewards of investing  in this product and  spoke to the team running the strategy. I am comfortable that this customer was treated fairly, the account was handled properly, and that I acted in the best interests of the client at all times.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Monty Cerf recommended unsuitable investments. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.