Investors apparently complained about securities broker Fidel Francisco Trejo-Erazo Jr. (also known as Fidel Francisco Trejo Erazo) [CRD: 1251352, Houston, Texas], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Trejo-Erazo worked for UBS Financial Services Inc. from December 16, 1998, to May 9, 2025, and later joined Morgan Stanley on May 21, 2025, where he remains registered. Investors are encouraged to continue reading to find out more about the disclosures involving Trejo-Erazo and the allegations raised by clients.
Evidently, a UBS Financial Services Inc. client filed FINRA Arbitration No. 23-02558 concerning Fidel Trejo-Erazo. Primarily, the client alleged that Trejo-Erazo made unsuitable recommendations and overconcentrated the client’s account while also making misrepresentations. For this reason, the client allegedly experienced damages related to Puerto Rico municipal bonds and Puerto Rico closed-end funds. Consequently, on August 22, 2024, UBS Financial Services Inc. settled this matter by paying the client $385,000 in damages.
Specifically, a client of UBS Financial Services Inc. contested Trejo-Erazo’s sales practices by filing FINRA Arbitration No. 19-02856. Allegedly, Trejo-Erazo made unsuitable recommendations and misrepresented the risks associated with concentrating investments. It appears that Trejo-Erazo caused the client to incur damages relating to Puerto Rico closed-end bond funds. Therefore, UBS Financial Services Inc. opted to settle the matter on June 5, 2023, by compensating the client in the amount of $60,000.
Are you concerned about investments you made through Fidel Trejo-Erazo? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm represents investors on a contingency fee basis and advances all costs. Trejo-Erazo and the brokerage firms Trejo-Erazo worked for deny allegations of sales practice violations.
Pending customer claims on BrokerCheck name Michael Graham (CRD 3263494) and list LPL Financial as the firm. Each claim is pending and unproven, and no arbitrator has ruled on any of them. The customers allege that Graham misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.
An SEC decision involving Titan Securities (CRD 131392) of Plano, Texas became final on August 7, 2026, according to FINRA's October 2026 Disciplinary and Other FINRA Actions report. The decision fined the firm $50,000. The record lists the firm as JTA Securities Management, Inc. dba Titan Securities.
Every settled customer dispute on Peter Maller's BrokerCheck report names Lincoln Financial as the firm. Maller holds CRD number 2322403. The newest dispute, filed on March 5, 2024, settled on August 15, 2024 for $12,500 against alleged damages of $50,000. The claimants alleged that the representative represented an oil and gas investment as safe.
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