Sonia Atkiss: $10mm Options Overlay Allegations Against UBS Broker

According to Financial Industry Regulatory Authority (FINRA) records, UBS Financial Services broker and investment adviser Sonia Atkiss (CRD# 2936806) has received several pending investor complaints. The complaints involving Atkiss, who is registered with UBS’s offices in New York City, cumulatively allege more than $10 million in damages.

One of the most recent complaints listed in her BrokerCheck report alleges that as a UBS representative, she recommended an options overlay strategy that was unsuitable and misrepresented. The pending complaint alleges damages of $1.7 million.

An April 2020 complaint alleges similar allegations concerning the options overlay strategy. The complaint, which remains pending, alleges $1.4 million in damages. 

A pending March 2020 complaint makes the same allegations about the same strategy, detailing a time frame spanning from 2016 to the present, and alleges $1.2 million in damages. 

An April 2020 complaint about the options strategy alleged unsuitability and misrepresentation, from 2017 until 2019. The complaint reached a settlement of $330,000. 

Ms. Atkiss’s FINRA records additionally list a June 2019 complaint alleging that the strategy was misrepresented by UBS Financial Services and unsuitable for the customer. This pending complaint alleges damages of $6 million. 

Sonia Atkiss has been registered as a broker with UBS Financial Services in New York, New York since 2015. Her previous registrations include Credit Suisse Securities in New York, New York, where she was registered from 2003 until 2015, and Donaldson Lufkin & Jenrette in New York, New York and Jersey City, New Jersey, where she was registered from 1997 until 2003. She has passed three securities industry qualifying examinations: the Uniform Combined State Law Examination, or Series 66; the Securities Industry Essentials Examination, or SIE; and the General Securities Representative Examination, or Series 7. Her BrokerCheck report lists 57 states securities licenses. (Information current as of May 11, 2022.)

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