Patrick Moriarty: Aegis Advisor Fired by UBS Financial

Newton, Massachusetts financial advisor Patrick Moriarty (CRD# 4764378) was recently fired from a former member firm in connection with alleged rule violations. Financial Industry Regulatory Authority records show that the former UBS Financial Services broker is currently registered as an investment advisor with Aegis Capital.

Mr. Moriarty’s BrokerCheck report discloses his firing from UBS Financial Services. Filed in August 2024, it states that the firm terminated his registration in connection with allegations that he exercised discretion in customer accounts, made “inaccurate attestations in connection with money movements,” and was “not… forthcoming” with respect to an investigation.

Various FINRA rules prohibit brokers like Mr. Moriarty from trading in customer accounts without proper authorization. FINRA Rule 3260, for example, describes specific conditions under which brokers can make discretionary trades; it also forbids discretionary trading without a customer’s prior written authorization and a firm’s written approval. FINRA Rule 2010, meanwhile, stipulates that FINRA-associated persons must “observe high standards of commercial honor and just and equitable principles of trade,” which generally means that they may not conduct trades without proper authorization. Brokers who violate these rules may be held liable for damages.

According to the Financial Industry Regulatory Authority, Patrick Moriarty holds 20 years of securities industry experience. Based in Newton, Massachusetts, he has been registered as an investment advisor with Aegis Capital since October 2024. His past registrations include UBS Financial Services (Boston, Massachusetts; 2007-2024) and Citigroup Global Markets (Boston, Massachusetts; 2004-2007). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. According to the Securities and Exchange Commission, he is licensed in Texas. (Information current as of October 28, 2024.)

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