Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
Investors might have sustained losses due to securities broker Shay W. Scruggs [CRD: 4173046, Houston, Texas], according to public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Shay Scruggs worked for Rockefeller Financial LLC and Rockefeller Capital Management since June 5, 2020, and previously worked for UBS Financial Services Inc. from May 2, 2014, to July 2, 2020. Investors are encouraged to continue reading to discover more about the disclosures involving this securities broker.
Particularly, a client filed a complaint about Shay Scruggs. Primarily, the client alleged that Scruggs recommended investments which poorly performed. Because of this, the client allegedly incurred damages. Consequently, on February 14, 2024, Rockefeller Financial LLC settled this matter by paying the client $42,500 in damages.
Additionally, a client of UBS Financial Services Inc. disputed Scruggs’ sales practices, according to a complaint. Allegedly, Scruggs made unsuitable recommendations involving equities that resulted in losses of principal. It appears that Scruggs allegedly caused the client to sustain damages relating to stocks. As a result, UBS Financial Services Inc. opted to settle the matter on February 7, 2022, by compensating the client in the amount of $195,000.
Did you suffer any investment-related losses because of Shay Scruggs? Get in touch with Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the US. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Scruggs and brokerage firms Scruggs worked for deny any accusations of sales practice violations.
Ernesto Chavez (CRD: 4315877) faces a new pending claim on BrokerCheck over an investment made in 2018. The customer alleges $180,000 in damages, and no arbitrator has ruled on the claim.
William Tunink (CRD: 2738224) settled a customer claim for $299,000 on August 11, 2026, according to his BrokerCheck report. The customer alleged that he obtained loans from the customer, and that some of the money went into an investment.
Tony Barouti (CRD: 3031995) faces a pending $230,400 customer claim, according to his BrokerCheck report. He says the allegations in it are false. His report also lists SEC administrative and cease-and-desist proceedings from August 2025.
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