Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tracy Longstreet (Longstreet), previously associated with UBS Financial Services Inc., has at least 2 disclosable events. These events include one customer complaint, one tax lien, alleging that Longstreet recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 11, 2024.
Without admitting or denying the findings, Longstreet consented to the sanction and to the entry of findings that she refused to provide documents and information requested by FINRA in connection with its investigation initiated based upon an arbitration filing. The findings stated that the Longstreet’s former member firm submitted an amended Form U5 disclosing that a customer had filed an arbitration against it alleging misconduct involving his accounts and that his Individual Retirement Account (IRA) beneficiaries were improperly changed to personally benefit Longstreet’s family and/or friends.
