Blackmon Awarded $5.5M in FINRA Arbitration vs UBS Over Compass Stock Advice

Blackmon, a registered agent with New York and Florida licenses, was awarded $5.5 million by a FINRA arbitration panel in Boca Raton on February 12, 2026. The award follows a January 26, 2025 initiation of a nine-day hearing over UBS’s handling of his Compass stock options and shares around the company’s 2021 initial public offering. Blackmon alleged a breach of fiduciary duty and a violation of SEC rules on complex trading strategies involving his unexercised options. Compass, which went public at about $20 per share, later traded as low as $2 before rebounding as the firm delivered consecutive quarters of cash-flow positivity. Blackmon, who joined the now-public brokerage in 2014, has a long track record in New York’s luxury real estate finance sector and was ranked 26th in The Real Deal’s top agent rankings by deal volume in 2019. An attorney for UBS did not comment, and Blackmon did not respond to requests for comment.