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
  • Kingswood Advisor Brady Fuchs Receives Oil & Gas Complaint

    San Diego financial advisor Brady Fuchs (CRD# 3203016) has received an investor complaint alleging that his conduct resulted in five-figure...

    Read More
  • Bill Sines: New Complaint Against Senior Financial Services Advisor

    Multiple investor complaints against Seminole, Florida financial advisor Bill Sines (CRD# 2190586) allege that he recommended unsuitable investments. Financial Industry...

    Read More
  • Jason Rossi: $203K Complaint Against Aegis Capital Broker

    Melville, New York financial advisor Jason Rossi (CRD# 4384426) allegedly churned investments and made unauthorized trades, according to a recent...

    Read More
  • Lone Star Advisor Charles Bryant: $200K Suitability Complaint

    Sarasota financial advisor Charles Bryant (CRD# 5346404) is involved in an investor complaint alleging he provided unsuitable investment advice that...

    Read More
  • Previous
  • Next