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.
Investors potentially experienced sales practice violations by securities broker Samuel Hughes Butterworth III (also known as Sam Butterworth) [CRD: 2793567, Austin, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Butterworth has worked for Merrill Lynch since October 23, 2009. Read on to find out more about Butterworth’s client-dispute disclosures.
Particularly, a Merrill Lynch client filed FINRA Arbitration No. 24-02642 concerning Samuel Butterworth III. The clients alleged that Butterworth made misrepresentations and unsuitable investment recommendations. For this reason, the clients allegedly sustained damages. Therefore, on January 20, 2026, Merrill Lynch settled the matter by paying the clients $150,000. Butterworth stated that the matter was settled to avoid the cost and uncertainty of litigation and that he did not contribute to the settlement.
Specifically, a client of Banc of America Investment Services disputed Butterworth’s sales practices, according to a complaint. Allegedly, Butterworth made unsuitable recommendations involving municipal auction-rate securities. It appears that Butterworth caused the client to sustain damages involving those investments. As a result, Banc of America Investment Services opted to settle the matter on June 9, 2009, by compensating the client in the amount of $2.1 million. Butterworth stated that he did not contribute to the payment.
Additionally, a Banc of America Investment Services client submitted a complaint concerning Samuel Butterworth III. Primarily, the client alleged that Butterworth made misrepresentations. Because of this, the client allegedly sustained damages involving municipal ARS products. Consequently, on June 9, 2009, Banc of America Investment Services settled the matter by paying the client $225,000. Butterworth stated that the payment reflected the value of securities repurchased by the firm under a regulatory agreement.
Are you concerned about investments you made through Samuel Butterworth III? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the United States. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Butterworth and the brokerage firms Butterworth worked for deny allegations of sales practice violations.
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.
Phone:
Fax: 1-954-760-6553
Email: [email protected]