Erez Law is currently investigating UBS Financial Services Inc. broker Garrick Montenegro (CRD# 2882898) regarding selling away. He has been registered with UBS Financial Services Inc. in New York, New York, since 2011.
Garrick Montenegro Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2026. “Allegations as stated by Claimant: Claimants allege FA Montenegro’s partner engaged in a fraudulent selling away scheme and that FA Montenegro should have been aware of the scheme. Claimants further allege that their UBS advisory accounts were reverse-churned with the investments remaining unchanged for several years. One Claimant also alleges he was recommended an unsuitable and inappropriate securities backed loan. Time frame: 2010-2025.” The customer is seeking $2,500,000 in damages, and the case is currently pending. The complaint was regarding selling away, equities, and securities-backed loans.
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 Garrick Montenegro’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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