Clients Allege Sales Practice Violations In Disputes About UBS Broker Brant Ferguson
The Financial Industry Regulatory Authority (FINRA) contains new disclosures concerning securities broker Brant Christopher Ferguson (CRD#: 2230893, Dallas, Texas). Specifically, two investors filed disputes alleging sales practice violations at UBS Financial Services, who Ferguson joined in May 2019 as financial advisor and securities broker. Here’s a summary of those disclosures.
Brant Ferguson’s UBS Financial Services Client Alleges Mismanagement
It appears that a client of UBS Financial Services disputed Brant Ferguson’s sales practices in April 2021. Mainly, the client alleges that Ferguson’s management of the investment account from January 2021 to March 2021 did not align with the client’s investment objectives and risk tolerance. As alleged in the complaint, the securities broker purportedly did not make decisions in the client’s best interests. Moreover, the client alleges disclosure problems, including a potential transfer without the client’s knowledge. For this reason, the client asked for compensation. However, UBS Financial Services denied this dispute.
Ferguson’s Client Alleges Misrepresentation, Unsuitability Concerning Options Strategy At UBS
Also, a client of UBS Financial Services disputed Brant Ferguson’s sales practices regarding an options strategy. First of all, the client alleged in this March 2019 dispute that Ferguson provided an unsuitable recommendation. Basically, suitability concerns risk tolerance, investment objectives, and other criteria about an investor that financial advisors must consider in determining the appropriateness of investments. Secondly, the client alleged that Ferguson misrepresented information concerning the options overlay strategy. Supposedly, the client incurred damages from February 2017 to March 2019. However, this dispute is labeled as “withdrawn” on BrokerCheck.
Did You Sustain Damages Through Brant Ferguson?
Did Brant Ferguson cause you to experience losses? If so, call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for many United States investors who incurred losses because of their financial advisors and securities brokers. Please note that Ferguson denies all allegations of his sales practice violations.