There are options for clients of former Morgan Stanley broker Elias Letayf (CRD# 4545016), who is accused of structured product losses. He has been registered with UBS Financial Services Inc. in Houston, Texas, since 2023. Previously, he was registered with Morgan Stanley in Houston, Texas, from 2015 to 2023, and with BBVA Securities Inc. in Houston, Texas, from 2013 to 2015.
Elias Letayf Customer Complaints
He has been the subject of two customer complaints from 2018 to 2024, one of which was denied, according to his CRD report:
April 2024. “Client alleged, inter alia, that the investments recommended for both his account and the account of his mother were not in their best interests. 2020-2023.” The case is currently pending. The complaint was regarding structured product losses.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Morgan Stanley may be liable for investment or other losses suffered by Elias Letayf’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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