In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
The earliest dispute on Amir Navab's report dates to July 16, 2004, at UBS Financial Services. The claimants alleged negligence, unsuitability, breach of fiduciary duty and misrepresentation in connection with stocks. Their claim also cited fraud, churning, over-concentration and unauthorized trading.
They sought $508,929. The dispute settled on December 14, 2004 for $150,000.
A complaint received on April 10, 2008 settled on December 23, 2008 for $100,000. Amir Navab's report lists alleged damages of $5,000 for that matter.
Claimants filed an arbitration on September 21, 2009, docket number 09-04911, seeking $1,430,000. The case settled on March 16, 2011. According to the firm's statement, the $822,500 settlement included the claimants returning their Lehman notes to UBS.
Later, on September 16, 2013, another customer filed a claim at UBS Financial Services, docket number 13-02381. It sought $1,200,000 and settled on July 1, 2014 for $257,810.
A structured note is a debt obligation of the bank that issues it. Its return may track a market index, but repayment still depends on the issuer's ability to pay. If the issuer fails, holders become creditors in its bankruptcy.
The 2009 dispute on Amir Navab's report involved Lehman notes. In our experience, claims like this turn on what the customer heard about issuer risk before buying.
The newest claim on Amir Navab's report, docket number 01-24-0000-1096, arrived on January 9, 2024. According to BrokerCheck, it raised various claims and damages tied to portfolio and investment accounts. It listed alleged damages of $180,000 and settled on June 24, 2024.
Churning means trading an account too often, mainly to earn commissions for the broker. It can happen when the customer approves each trade, not only when the broker trades on discretion. FINRA treats excessive trading as a suitability problem. Since June 2020, Regulation Best Interest also bars a series of recommended trades that is excessive for a retail customer. Two numbers usually frame these claims. The turnover rate shows how many times the account's value traded in a year. The cost-to-equity ratio shows what the account had to earn just to cover its trading costs. When we review a churning claim, we start with those two numbers and the monthly statements.
Overconcentration means putting too much of an account into one stock, one sector or one type of product. When that holding falls, the whole account falls with it. A broker's recommendations have to fit the customer's investment profile. That profile includes age, other holdings, risk tolerance, liquidity needs and time horizon. As a result, a large position that suits one investor can be wrong for a retiree who needs steady income. When we review a claim like this, the account statements usually tell the story. They show how large the position grew, and for how long.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Amir Navab handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. FINRA arbitration is a national forum, so we represent investors in FINRA arbitration across the country. We handle these claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of October 21, 2026. Allegations in customer complaints and arbitrations are claims, not findings. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.
Centaurus Financial appears as the firm on a pending customer arbitration against Brett Ewing (CRD 2904608). The customer filed it on September 14, 2026. According to BrokerCheck, the customer alleges that Ewing recommended unsuitable, illiquid investments from February 2016 through February 2019. Ewing denies the allegations, and no arbitrator has ruled.
FINRA found that Eric Kleiner (CRD 4135180) refused to provide documents and information it requested during an investigation. Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings.
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