Elias Aziz: Ex-Morgan Stanley Advisor Lands Suitability Complaint

A recent investor complaint against Houston, Texas financial advisor Elias Aziz (CRD# 4545016) alleges that he recommended unsuitable investments. Financial Industry Regulatory Authority records show that the former Morgan Stanley advisor is currently registered as a broker with UBS Financial Services.

Mr. Aziz’s BrokerCheck report discloses two investor complaints. The most recent, filed in April 2024, alleges that as a representative of Morgan Stanley, he recommended unsuitable structured product investments to the claimant and the claimant’s mother between 2020 and 2023. The pending complaint alleges unspecified damages.

An earlier investor complaint, filed in 2018, alleged that as a representative of BBVA Securities, he provided unsuitable advice and did not completely disclose the terms of a structured product investment. The complaint alleged unspecified damages of at least $5,000 and was denied by the firm.

According to the Financial Industry Regulatory Authority, Elias Aziz holds 15 years of securities industry experience. Based in Houston, Texas, he has been registered as a broker with UBS Financial Services since October 2023. His past registrations include Morgan Stanley (2015-2023), BBVA Securities (2013-2015), BBVA Compass Investment Solutions (2009-2013), BBVA Investments (2009), and Banorte Securities International (2002). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Colorado, Delaware, Florida, Indiana, New York, and Texas. (Information current as of May 18, 2024.)

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