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Michael Brooks of Truist Investment Services And Formerly With BB&T Securities And UBS Financial Services Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Michael Brooks of BB&T Securities?

Michael Brooks (CRD #4901171) who is currently registered with Truist Investment Services and located in Norfolk, Virginia is a subject of one of our many securities industry sales practice abuse investigations. Prior to Truist Investment Services, Michael Brooks was associated with BB&T Securities, UBS Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Michael Brooks Customer Complaints

Michael Brooks has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Both of Michael Brooks’ customer complaints were settled in favor of investors.

Allegations Against Michael Brooks

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Claimants, husband and wife, alleged that investments made in their discretionary investment advisory accounts between January 2020 and March 2020, were unauthorized, resulting in various causes of action, including breach of fiduciary duty and negligence allegedly by Michael Brooks.
  • Client alleged that he was misled regarding their investments (auction rate securities) in the account by Michael Brooks. Client further stated he explicitly stated that the money was not to be put at risk and he was assured that the principal was safe.

Michael Brooks Red Flags & Your Rights As An Investor

Of course, Michael Brooks did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Michael Brooks at Truist Investment Services, BB&T Securities, and UBS Financial Services on alert to review carefully the activity and performance of their accounts and question whether Michael Brooks has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Truist Investment Services, BB&T Securities, and UBS Financial Services also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Truist Investment Services Due To Michael Brooks

If you have questions about Truist Investment Services, BB&T Securities, UBS Financial Services, and/or Michael Brooks and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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