Shay W. Scruggs of Houston Texas a stockbroker and investment adviser representative of UBS Financial Services Inc. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought between $2,000,000.00 and $3,000,000.00 in damages based upon allegations that they had been placed into unsuitable equities by Scruggs between 2013 and 2020 during the period that he was associated with UBS Financial Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02402 (July 29, 2020). The claim alleges that unsuitable trading caused losses in the customer’s UBS account.

Scruggs was registered with UBS Financial Services as a stockbroker and investment adviser representative between May 2, 2014 and July 2, 2020. Since June 5, 2020, he has been registered with Rockefeller Financial LLC as a stockbroker and Rockefeller Capital Management as an investment adviser representative.

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