Investors might have sustained losses because of securities broker Sean Patrick McGerr [CRD: 2676426, Lincoln, Nebraska], based on publicly available information reported on FINRA BrokerCheck. Sean McGerr worked for UBS Financial Services Inc. from February 20, 2009, to February 23, 2021, and works for Wells Fargo Clearing Services LLC and Wells Fargo Advisors since February 12, 2021. Below, individuals can find out more the securities broker’s disclosures, including allegations of unsuitable investments and misrepresentations.
Merrill Lynch Client Accused McGerr Of Misrepresentation
Specifically, a Merrill Lynch, Pierce, Fenner & Smith Incorporated client filed FINRA Arbitration No. 12-03437 about Sean McGerr. Evidently, the client alleged that McGerr made unsuitable investments and misrepresentations. For this reason, the investor supposedly sustained damages on alternative investments. Therefore, on January 10, 2014, Merrill Lynch settled this matter by paying the client $60,000.00 in damages.
UBS Investor Accused Sean McGerr Of Unsuitable Recommendations
Notably, on September 9, 2024, a UBS Financial Services Inc. client filed FINRA Arbitration No. 24-01773 about Sean McGerr. Mainly, the client alleged that McGerr made unsuitable recommendations by failing to perform adequate due diligence on a fund of funds. Consequently, the client requested $350,000.00 in compensation from UBS Financial Services Inc. or McGerr. It appears that this arbitration is pending a resolution.
Do you need clarification on any investment losses relating to Sean McGerr? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a potential recovery recovery. Soreide Law Group is experienced with recovering losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. McGerr and the firms McGerr worked for deny allegations of sales practice violations.
