Brant Christopher Ferguson of Dallas Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. has been referenced in a customer initiated investment related written complaint on April 12, 2021 in which the customer requested more than $5,000.00 in damages based upon accusations that their account had been mismanaged during the time that Ferguson was associated with UBS Financial Services. According to the complaint, the customer’s risk tolerance and investment objectives were not considered when transactions were made in their managed account. The claim also alleges that the customer was not made fully aware of fees and transactions. UBS Financial and Ferguson have denied this customer claim as unfounded and false, and plans to make a formal request that it be expunged..
This is the second time that Ferguson has been referenced in a customer’s dispute alleging sales practice violations. Financial Industry Regulatory Authority (FINRA) Public Disclosure states that Ferguson is the subject of a customer initiated investment related FINRA securities arbitration claim on March 8, 2019 where the customer sought $800,000.00 in damages founded on allegations that Ferguson made misrepresentations regarding an options overlay strategy utilized for the customer’s account between February of 2017 and March of 2019. FINRA Arbitration No. 19-00670. The claim alleges that the customer sustained losses from unsuitable recommendations relating to the continued investment in the options strategy. This claim is still pending.
Ferguson has been registered with UBS Financial Services as a stockbroker and investment adviser representative since May 5, 2009.