Drew Freides: UBS Advisor Faces Misappropriation Complaint

A recent investor complaint against Austin, Texas financial advisor Drew Freides (CRD# 4262911) alleges that his conduct resulted in damages. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with UBS Financial Services.

Mr. Freides’s BrokerCheck report discloses one recent investor complaint. Filed in September 2026, it alleges that as a representative of UBS Financial Services, he completed inaccurate account documentation and made improper asset transfers, “including misappropriation of procedes [sic] of sale of customer[’]s real estate.” The pending complaint alleges unspecified damages.

The misappropriation of a client’s funds by their broker may violate FINRA Rule 2150, under which a FINRA-associated person may not “make improper use of a customer’s securities or funds.” It may also run afoul of FINRA Rule 2010, which stipulates that brokers like Mr. Freides are required to “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. Brokers who violate these rules may be found liable for damages in the event of losses and/or subject to disciplinary action by FINRA, the Securities and Exchange Commission, or other regulatory authorities.

According to the Financial Industry Regulatory Authority, Drew Freides holds 26 years of securities industry experience. Based in Austin, Texas, he has been registered as a broker and an investment advisor with UBS Financial Services since 2009. He was previously registered with Goldman Sachs from 2000 until 2009. His credentials include the passage of four securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the National Commodity Futures Examination, or Series 3; and the Uniform Combined State Law Examination, or Series 66. He holds 46 state licenses. (Information current as of November 9, 2026.)

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