Erez Law is currently investigating former UBS Financial Services Inc. broker Tracy Longstreet (CRD# 1768525) regarding IRA losses. She was registered with UBS Financial Services Inc. in Houston, Texas, from 2009 to 2024.
In September 2024, FINRA barred him after he “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.”
Tracy Longstreet Customer Complaints
She has been the subject of one customer complaint, according to her CRD report:
June 2024. “Time frame: 2015-2023 Allegations: Claimant alleges ongoing theft from his accounts and that his IRA beneficiaries were improperly changed to personally benefit the advisor’s family and/or friends.” The case was settled for $750,000.
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, UBS Financial Services Inc. may be liable for investment or other losses suffered by Tracy Longstreet’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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