Patrick Moriarty Sanctioned, Facing UBS Client Disputes Re: Unauthorized Trading

Investors possibly experienced losses because of securities broker Patrick Alexander Moriarty [CRD: 4764378, Boston, Massachusetts], according to publicly available information on FINRA BrokerCheck. Evidently, Patrick Moriarty worked for UBS Financial Services Inc. from October 26, 2007, to August 30, 2024. Check out the following information about Patrick Moriarty’s regulatory disclosures.

Moriarty Sanctioned By Massachusetts Securities Division For Exercising Discretion Without Prior Approval

Specifically, on April 16, 2025, the Massachusetts Securities Division issued Case: R-2024-0472 sanctioning Patrick Moriarty. Moriarty was issued a Consent Order imposing Conditional Registration. Notably, the Massachusetts Securities Division alleged that Moriarty exercised discretion in client accounts without first securing prior approval.

UBS Financial Services Inc. Discharged Patrick Moriarty For Violations Of Firm Policies

Additionally, on August 1, 2024, UBS Financial Services Inc. disaffiliated with Moriarty. UBS Financial Services Inc. alleged that Moriarty violated firm policies by engaging in discretionary trading, making wrong attestations about monetary transactions, and failing to be fully transparent with the broker through an internal investigation.

UBS Financial Services Inc. Client Accused Moriarty Of Unauthorized Trading

Also, a client filed a complaint about Patrick Moriarty. Supposedly, Moriarty engaged in unauthorized trading. Because of this, the client allegedly incurred losses through investing in municipal bonds. Because of this, on November 25, 2024, UBS Financial Services Inc. settled this matter by paying the client $1,000,000.00 in damages.

Patrick Moriarty Disclosed Unsuitable Recommendations Allegations By UBS Financial Services Inc. Client

Particularly, a client of UBS Financial Services Inc. contested Patrick Moriarty’s sales practices, according to a complaint dated July 21, 2008. Allegedly, Moriarty made unsuitable recommendations by placing the client in annuities that were volatile when the client wanted to invest conservatively. Therefore, the client sought compensation from UBS Financial Services Inc. or Moriarty in the amount of $35,000.00 in this matter.

Were You Impacted By Securities Broker / Financial Advisor Moriarty?

Do you have concerns or questions about your investments with Patrick Moriarty? You can reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a possible recovery. Soreide Law Group has over a decade of experience recovering losses for investors throughout the United States. The firm also works on a contingency fee basis and advances all costs. Moriarty and the securities firms Moriarty worked for deny accusations of sales practice violations.