Our firm is investigating Creand Securities broker Javier Adolfo Naselli (CRD# 2425401) of Miami, Florida in connection with customer disputes reported through FINRA BrokerCheck, including a pending FINRA arbitration seeking $5 million in alleged damages.
According to his BrokerCheck report, Naselli has been registered with Creand Securities since August 2025. His record reflects four customer dispute disclosures, including two pending matters and two final matters.
Financial Advisor’s Career History
According to his FINRA BrokerCheck report, Javier A. Naselli has been registered with the following securities firms:
- Creand Securities — 08/2025 to Present
- UBS Financial Services Inc. — broker registration 06/2011 to 07/2024 and investment adviser registration 10/2021 to 07/2024
- Credit Suisse Securities (USA) LLC — broker registration 12/2005 to 07/2011 and investment adviser registration 07/2008 to 07/2011
- Morgan Stanley DW Inc. — 06/2000 to 12/2005
- Dean Witter Reynolds Inc. — 03/2000 to 04/2000
- Merrill Lynch, Pierce, Fenner & Smith Incorporated — 12/1993 to 03/2000
FINRA reports that Naselli currently works as a financial advisor with Creand-Beta Capital in Miami. He previously worked as a financial advisor with UBS Financial Services from 2011 through 2024.
Naselli also reports outside business activities involving 3 Roads Advisory Services LLC, an entity associated with the purchase and occasional rental or leasing of polo horses, as well as ownership of a residential investment property in New York City.
Javier Adolfo Naselli Allegations and Investor Complaints Explained
FINRA BrokerCheck reports four customer disputes involving Javier Naselli. Two are identified as pending and two are reported as final.
The most recent dispute is a pending FINRA arbitration in which claimants allege that their financial advisor implemented an “illicit and unsuitable selling away scheme” involving an investment in a biorefinery in Uruguay during 2022 and 2023. The claimants allege $5 million in damages. Naselli strongly denies the allegations.
Pending FINRA Arbitration: Alleged $5 Million Selling Away Scheme Involving Uruguay Biorefinery
The BrokerCheck disclosure identifies UBS Financial Services Inc. as the employing firm when the activities giving rise to the complaint allegedly occurred.
According to the disclosure, the claimants allege that their financial advisor implemented an illicit and unsuitable selling away scheme to invest in a biorefinery in Uruguay during 2022–2023.
The disclosure provides the following information:
- Disclosure Type: Customer Dispute — Pending
- Firm: UBS Financial Services Inc.
- Allegations: Alleged illicit and unsuitable selling away scheme
- Investment: Biorefinery in Uruguay
- Time Period: 2022–2023
- Product Type: Selling Away
- Alleged Damages: $5,000,000
- FINRA Arbitration Filing Date: 06/04/2026
- FINRA Docket/Case #: 26-01261
- Status: Pending
Broker’s Statement
Naselli disputes the allegations.
His BrokerCheck disclosure states that the financial advisor strongly denies the allegations. The arbitration remains pending, and the allegations have not been proven or formally adjudicated.
Additional Pending Customer Dispute: Alleged Churning, Unsuitability, and Excessive Commissions
Naselli’s BrokerCheck record also contains an older pending customer dispute associated with Merrill Lynch, Pierce, Fenner & Smith Inc.
The firm-reported version states that the customer complained that the account was managed outside the client’s profile and alleged churning and unsuitability involving technology equities and debt mutual funds. The firm-reported disclosure lists $1 million in alleged damages.
The broker-reported version describes allegations that the account was managed outside the client’s profile and involved excessive commissions, and lists $218,000 in alleged damages.
Prior UBS Customer Complaint: Alleged Unsuitable Equity Investment
Naselli’s BrokerCheck report also reflects a 2020 customer complaint associated with UBS Financial Services Inc.
The customer alleged that instructions concerning investment decisions were not followed and that an investment was unsuitable. The alleged damages were estimated to exceed $5,000.
Naselli denied the allegations, stating that the client understood the risks and approved the orders. The complaint was subsequently denied on July 30, 2020.
Prior Morgan Stanley Customer Complaint: Corporate Bond Losses
Naselli’s record also contains a customer complaint involving Morgan Stanley DW Inc.
According to the disclosure, the customer alleged that corporate bonds declined in value and claimed $68,000 in damages. The firm-reported version lists the matter as Closed/No Action with a status date of January 5, 2006.
Disclosure Summary
- Customer Dispute / FINRA Arbitration — Pending
- Firm: UBS Financial Services Inc.
- Allegation: Illicit and unsuitable selling away scheme
- Investment: Biorefinery in Uruguay
- Period: 2022–2023
- Alleged damages: $5 million
- FINRA case #: 26-01261
- Broker position: Naselli strongly denies the allegations
- Customer Dispute — Pending
- Firm: Merrill Lynch, Pierce, Fenner & Smith Inc.
- Allegations: Account allegedly managed outside the client’s profile, churning, unsuitability, and/or excessive commissions
- Products: Technology equities and debt mutual funds
- Reported alleged damages: $1 million in the firm disclosure and $218,000 in the broker disclosure
- Customer Dispute — Denied
- Firm: UBS Financial Services Inc.
- Allegations: Investment instructions allegedly not followed and unsuitable investment
- Damages: Estimated at more than $5,000
- Status: Denied July 30, 2020
- Customer Dispute — Closed/No Action
- Firm: Morgan Stanley DW Inc.
- Allegation: Corporate bonds declined in value
- Alleged damages: $68,000
- Status date: January 5, 2006
Conclusion
Investors reviewing Javier Naselli’s BrokerCheck record should understand that the $5 million FINRA arbitration remains pending, and Naselli strongly denies the allegations.
FINRA explains that pending disclosures contain allegations that have not been proven or formally adjudicated and that such matters may ultimately be withdrawn, dismissed, resolved in favor of the broker, or concluded through a negotiated settlement without an admission or finding of wrongdoing.
Investors considering doing business with Javier Adolfo Naselli may want to review his complete FINRA BrokerCheck report under CRD# 2425401 for the most current information regarding his registration and disclosure history.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
Selling away generally refers to securities transactions conducted by a broker outside the regular scope or approval processes of the broker’s employing firm. Allegations involving selling away can raise concerns about whether an investment was properly supervised, disclosed to the brokerage firm, and appropriate for the investor.
In Naselli’s reported dispute, claimants allege an illicit and unsuitable selling away scheme involving an investment in a Uruguay biorefinery and seek $5 million in damages. Naselli strongly denies the allegations, and the FINRA arbitration remains pending.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, unsuitable recommendations, selling away, excessive trading, and other investment-related misconduct. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis.
Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.
