Were you the victim of former Rockefeller Financial LLC broker Shay Scruggs (CRD# 4173046)? He was registered with Rockefeller Financial LLC in Dallas, Texas, from 2020 to 2026. Previously, he was registered with UBS Financial Services Inc. in Houston, Texas, from 2014 to 2020.

Shay Scruggs Faces Suitability Complaint

He has been the subject of three customer complaints, according to his CRD report:

June 2026. “Customer alleges that during the period of 2022 to 2025, Rockefeller through its agents recommended certain alternative investments that were not consistent with the customer’s investment profile.” The customer is seeking $1,000,000 in damages. The complaint was regarding alternative investments, and it took place while he was registered with Rockefeller Financial LLC.

December 2023. “Client alleges poor performance of accounts.” The case was settled for $42,500. The complaint took place while he was registered with Rockefeller Financial LLC.

July 2020. “Starting in 2013, Claimant’s counsel alleges unsuitability of certain investments, and that such investments resulted in principal losses.” The case was settled for $195,000 The complaint took place while he was registered with UBS Financial Services Inc., and it 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, Rockefeller Financial LLC 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.