DID SCOTT DOUGLAS MURRAY CAUSE YOU INVESTMENT LOSSES?
Scott Murray Of UBS Financial Services Inc. Has 3 Customer Complaints For Alleged Broker Misconduct
About Scott Murray Of UBS Financial Services Inc.?
Scott Murray (CRD #2896442) is a seasoned broker currently employed by UBS Financial Services Inc. in Phoenix, Arizona, having been with the firm since August 18, 1997. He is registered across 42 U.S. states and territories and with 10 Self-Regulatory Organizations. Murray has passed two general industry/product exams—the Securities Industry Essentials Examination and the General Securities Representative Examination—as well as two multi-state securities law exams, the Uniform Investment Adviser Law Examination and the Uniform Securities Agent State Law Examination. His broad registration scope and long-term association with a single firm highlight a stable and extensive career in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Scott Murray Customer Complaints and Reviews
- Customer Disputes (Total: 3)
- Dispute 1 (2014-2016): A claim involving allegations of unsuitability, misrepresentation, and negligence related to investments in energy sector bonds was settled in November 2021 for $42,000, with no financial contribution from Murray.
- Dispute 2 (2001): A case involving allegations of unsuitable, unauthorized, and excessive trading of speculative technology stocks was settled in October 2002 for $9,850, also with no contribution from Murray.
- Dispute 3 (2022): A client alleged significant losses due to unauthorized portfolio sales on November 4, 2022. This complaint was denied in January 2023, with no action taken against Murray.
Allegations Against Scott Murray
- Allegations in Customer Disputes:
- Misrepresentation and Unsuitability: Allegations included recommending energy sector bonds and technology stocks that were unsuitable for the clients’ profiles.
- Unauthorized Trading: Claims that Murray executed trades without proper authorization, specifically selling a client’s entire portfolio in a manner not aligned with her investment profile, which was later denied.
Scott Murray Red Flags & Your Rights As An Investor
Of course, Scott Murray 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 Scott Murray at UBS Financial Services Inc. on alert to review carefully the activity and performance of their accounts and question whether Scott Murrayhas 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 Scott Murray
If you have questions about UBS Financial Services Inc. and/or Scott Murray 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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