Monty Cerf (CRD #: 2269462), a broker and an investment adviser registered with UBS Financial Services, is currently the subject of complaints regarding unsuitable recommendations and misrepresentations, according to his BrokerCheck record accessed on August 17, 2020. Do you have questions about Monty Cerf’s conduct as a broker? Read on to learn more.
On July 9, 2020, a client alleged that Monty Cerf made misrepresentations and unsuitable investment recommendations. The client is seeking $1,000,000 in damages; the dispute is pending. In the Broker Comment section of his BrokerCheck record, Monty Cerf stated that “I am comfortable that I handled the customer account properly and acted in the best interests of the client at all times.”
On June 16, 2020, a client alleged that Monty Cerf made misrepresentations and unsuitable investment recommendations. The client is seeking $700,000 in damages; the dispute is pending.
There were multiple other similar complaints filed against Monty Certf, totaling approximately $17,000,000 in alleged damages.  All of these disputes are pending
Monty Cerf has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the General Securities Representative Examination, and the General Securities Principal Examination. Monty Cerf is a registered broker in Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Idaho, Illinois, Indiana, Maine, Maryland, Massachusetts, Michigan, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming. Monty Cerf is also a registered investment advisor in New Jersey and Texas.
Monty Cerf has worked in the securities industry for over two decades. In his 24-year career, he has worked at the following firms:

  • Barclays Capital Incorporated (CRD#: 19714)
  • Lehman Brothers Incorporated (CRD#: 7506)
  • P. Morgan Securities Incorporated (CRD #: 18718)
  • Bear, Stearns, & Co. Incorporated (CRD #: 79)
  • P. Morgan Securities Incorporated (CRD#: 15733)

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