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Henry Jakobsze, UBS Broker, Involved in Two Pending Investor Disputes Involving Risky Options Trading

Henry Jakobsze (CRD#: 2792685), a registered representative with UBS Financial Services, Inc. (CRD#: 8174) in Chicago, Illinois, is currently involved in two pending investor disputes, according to his BrokerCheck record accessed on June 23, 2020.  What led to these customer complaints against Henry Jakobsze? Read on to learn more. 

Henry Jakobsze

On April 30, 2020, a client alleged that Henry Jakobsze’s recommendation to invest in and hold an options strategy was unsuitable. The client further alleged that the broker misrepresented the strategy. The client is seeking $350,000 in damages; the dispute is pending. 

This is not the first time that Henry Jakobsze has found himself in hot water regarding his options strategy recommendation. On May 17, 2019, a client alleged that Henry Jakobsze misrepresented an unsuitable options strategy. The client is seeking $326,877.36 in damages. 

Options trading can offer investors flexibility, and options can be “leveraged” to, for example, multiple gains by two. But options can also expose investors to amplified losses; if a leveraged option multiples gains by two, it will also multiply losses by the same sum. These so-called “Yield Enhancement Strategies” have recently come under fire as some large firms, including UBS, have enticed investors to employ them. For example, the UBS “Iron Condor” strategy is a highly complex and speculative strategy involving options contracts. 

Henry Jakobsze has passed the Series 65 – Uniform Investment Adviser Law Examination, the Series 63 – Uniform Securities Agent State Law Examination, the SIE – Securities Industry Essentials Examination, the Series 31 – Futures Managed Funds Examination, and the Series 7 – General Securities Representative Examination.

Over his 23-year career in the securities industry, Henry Jakobsze has worked for only one firm: UBS Financial Services, Inc. (CRD#: 8174). He is registered to sell securities in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, the District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virgin Islands, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. He is also a Registered Investment Adviser (RIA) in Illinois, Oklahoma, and Texas. 

If Henry Jakobsze was your broker and you have questions about your investments or an options strategy, don’t hesitate to contact the securities attorneys of Fitapelli Kurta to learn about your options for investment loss recovery. Call (877) 238-4175 or email info@fkesq.com for your free case consultation with a securities attorney. 

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