Jon Barter: UBS Advisor Discloses $18 Million Bond Complaint

New York City financial advisor Jon Barter (CRD# 2975538) recently received an investor complaint alleging that his advice resulted in eight-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services, whose website describes him as a member of Barter Worden Wealth Management.

Mr. Barter’s BrokerCheck report discloses one investor complaint. Filed in June 2024, it alleges that as a representative of UBS Financial Services, he recommended unsuitable municipal bond investments. The pending complaint alleges damages of $18 million.

In a statement included with the complaint’s disclosure, Mr. Barter defends himself against the allegations. “I believe I gave these customers the same high-quality advice and service I strive to provide for all my clients,” he writes in part, “as evidenced by the fact that this is this is the only complaint against me in my 26 years in the financial services industry.”

UBS Financial Services’ website includes a page that describes Barter Worden Wealth Management’s approach to working with its clients. “Our mission is to provide quality strategies customized to your needs,” it explains. “Our goal is to be your primary source of financial advice. To this end, we concentrate our efforts on developing long-term relationships through a commitment to quality client service.”

Elsewhere, a profile of Mr. Barter describes his background and experience. “Jon joined UBS in August 2014, and previously worked at Merrill Lynch for more than 13 years,” it explains. “Jon prides himself on putting clients’ interests front and center at all times, and draws on his broad array of market experience when managing client assets.”

According to the Financial Industry Regulatory Authority, Jon Barter holds 26 years of securities industry experience. Based in New York City, he has been registered as a broker and an investment advisor with UBS Financial Services since 2014. His past registrations include Merrill Lynch, Nuveen Investments, and Dean Witter Reynolds. His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He holds 30 state licenses. (Information current as of August 23, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.