Last Updated: April 2024 (Houston, Texas)
Fidel Trejo Investigation Summary
Here’s what you need to know about Houston, TX, stockbroker Fidel Trejo:
- Name: Mr Fidel Francisco Trejo, Jr.
- Current Employer: UBS Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Fidel Trejo, Fidel Francisco Trejo Erazo
- Primary Location: Houston, Texas
- CRD 1251352
- Can Fidel Trejo be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $60,000
- Pending Customer Dispute Seeks Damages of $1.5 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Fidel Trejo As Your Stockbroker?
A customer of UBS Financial Services filed a FINRA arbitration in 10/2023 alleging that Fidel Trejo made an unsuitable recommendation to invest in Puerto Rica closed end funds and Puerto Rico municipal bonds and over-concentrated their account. The customer seeks damages of $1,500,000 in this pending case.
In 6/2023 a customer of UBS Financial Services was paid $60,000 to resolve a FINRA arbitration with similar allegations about an overconcentration of Puerto Rico bonds.
[LEARN MORE]: Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
[LEARN MORE]: FINRA Rule 2111- suitability -Regulation Best Interest
Allegations of Broker Misconduct Against Fidel Trejo
Customers of Fidel Trejo have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendation to invest in Puerto Rico bonds
- Over-concentrated account with Puerto Rico bonds
- Misrepresentation
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
[LEARN MORE]: Our Investigations of other UBS Financial brokers
If you have suffered investment losses in an account handled by Fidel Trejo, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
