Switch to ADA Accessible Theme
Close Menu
Free Consultation: 888-976-6111

Eric Stubbe: $2 Million Complaint Against Dorchester Financial Advisor

Investor complaints against former Dorchester, Massachusetts broker and investment advisor Eric Stubbe (CRD#: 1499212) allege conduct including fraud, deceit, recklessness, suitability violations, and more. Stubbe is a former representative of Santander Securities, according to information drawn from Financial Industry Regulatory Authority records.

A 2017 complaint alleged that as a representative of Santander Securities, Eric Stubbe recommended unsuitable investments, committed fraud, engaged in deceit, acted recklessly, breached contract, breached his fiduciary duties, violated Puerto Rico law, and acted negligently in connection to investments in Puerto Rico bonds and closed-end funds. The firm settled the complaint for $2,050,000.

A 2016 complaint alleged that as a representative of Santander Securities, Eric Stubbe breached his fiduciary duty, breached contract, acted negligently, and committed fraud. The firm settled the complaint for $50,000.

A 2016 complaint alleged that as a representative of Santander Securities, Eric Stubbe breached his fiduciary duties, over-concentrated investments, made unsuitable recommendations, acted negligently, and breached contract. The firm settled the complaint for $900,000.

In 2016 complaint alleged that as a representative of Santander Securities, he engaged in fraud, deceit, recklessness, and negligence in connection to investments in Puerto Rico bonds and closed-end funds. The firm settled the complaint for $5,990,000.

A 2015 complaint alleged that as a representative of Santander Securities, he engaged in negligence, recklessness, fraud, and deceit connected to investments in municipal bonds and closed-end funds. The firm settled the complaint for $113,000.

A 2015 complaint alleged that as a representative of Santander Securities, he committed fraud, acted negligently, made unsuitable investment recommendations, breached contract, and breached his fiduciary duty. The firm settled  the complaint in 2018 for $350,000.

Eric Stubbe is currently not registered as a broker or investment advisor. His employment history includes Santander Securities in Dorchester, Massachusetts; UBS Financial Services Incorporated of Puerto Rico in San Juan, Puerto Rico; UBS Financial Services in San Juan, Puerto Rico; and Kidder Peabody & Company. He currently holds zero state licenses and has passed four securities industry qualification examinations.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Damian Bell: Ex-WFG Rep Has 6-Figure Complaints

    Daphne, Alabama broker and investment adviser Damian Bell (CRD# 2348521) has received resolved or pending investor complaints alleging his conduct...

    Read More
  • Ryan Wroblewski: Margin Complaint Against Morgan Stanley Broker

    Ryan Wroblewski (CRD# 6158332), a broker and investment adviser in Garden City, New York, has received several pending investor complaints...

    Read More
  • Christopher Phillips: Oil Investment Complaints Against RBC Broker

    Stamford, Connecticut-based broker and investment adviser Christopher Phillips (CRD# 4761544) has received a pending investor complaint alleging his actions resulted...

    Read More
  • Michael Vetere: $1MM Complaint Against Ex-Bayside Rep

    Former Aegis Capital Corp. broker and investment adviser Michael Vetere (CRD# 4275271) has received a pending customer complaint alleging his...

    Read More
  • Previous
  • Next