DID MORGAN PAUL HEES CAUSE YOU INVESTMENT LOSSES?
Morgan Hees Of UBS Financial Services Inc. Has 1 Customer Complaint For Alleged Broker Misconduct
About Morgan Hees of UBS Financial Services Inc.?
Morgan Hees (CRD #1607769) , currently serves at UBS Financial Services Inc. in Las Vegas, NV, where he has been registered since January 2015. Throughout his lengthy career, Hees has demonstrated a propensity for shifting between major brokerage firms, including Morgan Stanley and its various entities, signaling potential issues in maintaining stable associations within the industry. He is registered with 10 Self-Regulatory Organizations and holds licenses across 44 U.S. states and territories. Despite his extensive registration, Hees has not passed any principal/supervisory exams, which might question his capability for higher-level oversight roles.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Morgan Hees Customer Complaints and Reviews
Hees’s professional conduct has been overshadowed by a significant customer dispute:
- Allegation of Unsuitability (Settled 2023): Clients alleged that Hees recommended unsuitable investments in connection with a merger, resulting in substantial principal losses, which ultimately led to a $300,000 settlement. This case was settled on November 8, 2023, after clients filed a complaint on January 3, 2023, questioning his judgment and the appropriateness of his investment strategies.
Allegations Against Morgan Hees
The primary allegations against Morgan P. Hees include:
- Making investment recommendations that were unsuitable for the clients’ financial situations and goals, particularly in relation to equity holdings impacted by a merger.
This lack of suitability in his advisory services not only led to financial losses for his clients but also to a costly settlement, reflecting poorly on his professional judgment and ethical standards within the securities industry.
Morgan Hees Red Flags & Your Rights As An Investor
Of course, Morgan Hees did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Morgan Hees at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Morgan Hees has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at UBS Financial Services Inc. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At UBS Financial Services Inc. Due To Morgan Hees
If you have questions about UBS Financial Services Inc. and/or Morgan Hees and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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