Maumee, Ohio financial advisor Craig Thistlewaite (CRD# 2507050) was recently suspended and fined in connection with alleged rule violations. Financial...
Read MoreEric 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.
