Tyler Childs is the Subject of an Options Trading Dispute

Tyler Childs (CRD #: 6057499), a broker registered with UBS Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 14, 2024. Details concerning these allegations are provided below. 

Investor Allegations 

On July 2, 2024, an investor alleged that Tyler Childs misrepresented the handling of options trading strategies in their account. They further alleged negligence and a breach of fiduciary duty. 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Unsuitable Options Trading

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s risk tolerance. Options trading strategies are often unsuitable because they are speculative and therefore likely to lose money. Depending on what type of options contract the investor buys, the investor is placing a bet that the price of a stock will either increase or decrease.

Background Option 

Tyler Childs has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination

He is a registered broker in 29 states and D.C. He is a registered investment adviser in Michigan and Texas. 

During his 10 years of experience, Tyler Childs has registered with six firms: 

• UBS Financial Services (CRD #: 8174) 
• Copeland Capital Management (CRD #: 135822) 
• Northern Lights Distributors (CRD #: 126159) 
• Invesco Advisers (CRD #: 105360) 
• Invesco Distributors (CRD #: 7369) 
• Hines Securities (CRD #: 128145) 

Kurta Law Can Help 

If you worked with Tyler Childs and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.