John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and LPL Financial LLC since August 19, 2024. Investors are encouraged to continue reading to find out more about the securities broker’s disclosures.
Specifically, on November 12, 2025, an Osaic Wealth Inc. and Woodbury Financial Services Inc. client filed Civil Action No. 32CH1-2025-CV-347 about David McCain. Primarily, the client alleged that McCain failed to provide information and account statements. Because of this, the client allegedly incurred damages. Therefore, the client requested $2,000,000 in compensation from the securities brokerage firms or McCain. It appears that this civil suit is pending a resolution.
Notably, a client of UBS PaineWebber Inc. contested David McCain’s sales practices by filing NASD Arbitration No. 02-01585 on May 2, 2002. Allegedly, McCain made unsuitable recommendations involving variable annuities, unit investment trusts, and stocks. It appears that McCain allegedly caused the client to sustain damages pertaining to these investments. Consequently, the client sought compensation from UBS PaineWebber Inc. in the amount of $350,000 in this matter.
Did you experience losses because of David McCain? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the country. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. McCain and brokerage firms McCain worked for deny any accusations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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