Former UBS Financial Services Inc. Broker Shay Scruggs Investment Loss Options

UBS Financial Services Inc.

Were you the victim of former UBS Financial Services Inc. broker Shay Scruggs (CRD# 4173046)? Shay Scruggs has been registered with Rockefeller Financial LLC in Dallas, Texas since June 2020. Previously, Shay Scruggs was registered with UBS Financial Services Inc. in Houston, Texas from 2014 to 2020.

Shay Scruggs Faces Suitability Complaint

Shay Scruggs has been the subject of one customer complaint, according to his CRD report:

July 2020. “Starting in 2013, Claimant’s counsel alleges unsuitability of certain investments, and that such investments resulted in principal losses.” The case is currently pending. The complaint took place while Shay Scruggs was registered with UBS Financial Services Inc. and was regarding equities with $2 to $3 million in alleged damages.

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 Shay Scruggs’ 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.