Terry Griffith Sanctioned By Regulator, Involved In UBS Client Dispute About Unauthorized Trading

Investors potentially experienced sales practice violations due to securities broker Terry William Griffith [CRD: 4937497, Watertown, Massachusetts], according to disclosures on FINRA BrokerCheck. Evidently, Griffith worked for UBS Financial Services Inc. in Peabody, Massachusetts, from May 14, 2014, to May 15, 2024, and has been registered with Independent Financial Group LLC in Watertown, Massachusetts, since April 19, 2024. See the following information to discover more about Griffith’s disclosures and the actions reported by regulators and clients.

Massachusetts Securities Division Sanctioned Griffith For Discretionary Trading Violations

Particularly, on January 27, 2025, the Massachusetts Securities Division issued Case: Regulatory – Final sanctioning Terry Griffith for infractions. Mainly, the Division alleged that Griffith exercised discretion in client accounts without obtaining prior permission. Under the Consent Order, the Division imposed several supervisory conditions on Griffith’s registration as a broker-dealer agent and investment adviser representative with Independent Financial Group (IFG) in Massachusetts.

Terry Griffith Disclosed Unauthorized Trading Allegations By UBS Financial Services Inc. Client

Additionally, a client of UBS Financial Services Inc. disputed Terry Griffith’s sales practices, according to a complaint. Allegedly, Griffith engaged in unauthorized trading and misrepresented advisory fees on a managed account. It appears that Griffith caused the client to sustain damages linked to municipal bonds. Therefore, UBS Financial Services Inc. opted to settle the matter on April 3, 2025, by compensating the client in the amount of $500,000.

UBS Financial Services Inc. Investor Accused Griffith Of Negligence

Notably, a client filed a complaint about Terry Griffith. Primarily, the client alleged that Griffith was negligent by failing to inform her about short and long term capital gains when trading a large amount of stock. For this reason, the client allegedly sustained damages. However, on May 27, 2016, UBS Financial Services Inc. denied this matter without awarding the client any compensation in damages.

Terry Griffith Disclosed Misrepresentation And Excessive Commissions Allegations By UBS Financial Services Inc. Client

Specifically, a client of UBS Financial Services Inc. contested Terry Griffith’s sales practices, according to a complaint dated December 29, 2023. Allegedly, Griffith made misrepresentations of material fact regarding an option overlay strategy by stating it had moderate risk, and charged excessive fees. It appears that Griffith allegedly caused the client to sustain damages. As a result, the client sought compensation from UBS Financial Services Inc. or Griffith in this matter. On March 21, 2024, the firm settled this matter for $374,774.27 in damages.

Were You Impacted By Financial Advisor / Securities Broker Griffith?

Did you experience losses because of Terry Griffith? You should contact Soreide Law Group at (888) 760-6552 or online and talk to a securities lawyer concerning a potential recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Griffith and brokerage firms Griffith worked for deny accusations of sales practice violations.