DID ELIAS A LETAYF CAUSE YOU INVESTMENT LOSSES?
Elias Letayf Of UBS Financial Services Inc. Has 2 Customer Complaints For Alleged Broker Misconduct.
About Elias Letayf of UBS Financial Services Inc.?
Elias Letayf (CRD #4545016) , located in Houston, Texas, is a securities broker having worked in the industry as a registered broker since 2009. He is currently employed with UBS Financial Services Inc. since October 6, 2023. Over his career, he has been associated with several firms, including Morgan Stanley, BBVA Securities Inc., and BBVA Compass Investment Solutions, Inc. Letayf has passed two general industry/product exams and one multi-state securities law exam. His professional qualifications include the Series 7 and Series 63 licenses, which allow him to engage in general securities transactions and multi-state securities representation. He holds registrations with 10 self-regulatory organizations and is licensed in 8 U.S. states and territories.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Elias Letayf Customer Complaints and Reviews
Elias A. Letayf has two reported customer disputes:
- Dispute (2018):
- Firm Involved: BBVA Securities Inc.
- Complaint: The customer alleged lack of suitability and incomplete disclosure regarding a structured product purchased in June 2015.
- Alleged Damages: Estimated to exceed $5,000, though no specific amount was requested.
- Outcome: The complaint was denied on December 13, 2018.
- Pending Dispute (2024):
- Firm Involved: Morgan Stanley
- Complaint The client claimed that investments recommended for their account and their mother’s account between 2020 and 2023 were not in their best interests.
- Alleged Damages: Unspecified.
- Outcome: The dispute is currently pending with unspecified damage.
Allegations Against Elias Letayf
The allegations in Letayf’s disclosure events include:
- Dispute 2018
- Suitability Concerns: The customer claimed that a structured note sold in 2015 was unsuitable for their needs and that the terms were not fully disclosed. The complaint was denied without further action.
- Dispute 2024
- Account Mismanagement: The client alleged that recommendations made over three years at Morgan Stanley were not aligned with their best interests. Structured products were specifically mentioned as part of the complaint.
Elias Letayf Red Flags & Your Rights As An Investor
Of course, Elias Letayf 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 Elias Letayf at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Elias Letayf 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 Elias Letayf
If you have questions about UBS Financial Services Inc. and/or Elias Letayf 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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