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Former UBS Financial Services Inc. Broker David Fenning Investment Loss Options

Posted on Tuesday, July 28th, 2020 at 3:27 pm    

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Erez Law is currently investigating former UBS Financial Services Inc. broker David Fenning (CRD# 1005307) regarding equities investment losses. Fenning has been registered with Morgan Stanley in New York, New York since 2019. Previously, Fenning was registered with UBS Financial Services Inc. in New York City, New York from 2008 to 2019.

Fenning has been the subject of five customer complaints between 1997 and 2020, according to his CRD report. The most recent complaint is regarding:

May 2020. “Time frame: 2014 – 2015 Claimant’s counsel alleges unsuitability and negligence with respect to recommendations and investment of accounts.” The customer is seeking $173,000 in damages and the case is currently pending. The complaint was regarding equities and took place while Fenning 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 Fenning’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.