Can you recover losses due to recommendations by former UBS Financial Services Inc. broker Christopher Pesce (CRD# 3274301)? He has been registered with Wells Fargo Advisors Financial Network, LLC in Garden City, New York, since 2025, and Wells Fargo Advisors in Garden City, New York, since 2025. He was registered with UBS Financial Services Inc. in Paramus, New Jersey, from 2010 to 2025. He was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in White Plains, New York, from 2006 to 2010, when he was terminated regarding, “conduct related to alleged exercise of discretion, solicitation of securities transactions and marking of order tickets.” He was registered with Janney Montgomery Scott LLC in Garden City, New York, from April to September 2006, and Prudential Securities Incorporated in New York, New York, from 1999 to 2003, when he was terminated regarding, “permitted to resign following firm investigation concerning adherence to psi annuitites replacement procedures and New York State reg. 60. Investigation was not prompted by any customer complaint.”
Christopher Pesce Customer Complaints
He has been the subject of two customer complaints between 2025 and 2026, one of which was denied, according to his CRD report:
January 2026. “Time frame: 2021-2024 The Trustee’s attorney alleges the Financial Advisors recommended unsuitable long duration premium bonds based on the Grantor’ age. The Trustee’s attorney further alleges the Financial Advisors misrepresented that the principal would be preserved and income would be interest based. The Trustee’s attorney finally alleges the strategy violated Regulation Best Interest.” The customer is seeking $140,000 in damages, and the case is currently pending. The complaint was regarding municipal bonds, and it took place while he was registered with UBS Financial Services Inc.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, UBS Financial Services Inc. may be liable for investment or other losses suffered by Christopher Pesce’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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