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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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