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Elias Letayf is the Subject of an Investor Dispute

Elias Letayf (CRD #: 4545016), a broker registered with UBS Financial Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on June 12, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 30, 2024, an investor alleged that Elias Letayf recommended investments for his portfolio as well as his mother’s portfolio that were not in his best interests. 

There are older allegations from December 4, 2018, alleging that Elias Letayf recommended an unsuitable investment and made an incomplete disclosure of an investment’s terms. This dispute was denied by the firm. 

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information 

Elias Letayf has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in eight states. 

During his 15 years of experience, Elias Letayf has registered with six firms: 

  • UBS Financial Services (CRD #: 8174) 
  • Morgan Stanley (CRD #: 149777) 
  • BBVA Securities (CRD #: 27060) 
  • BBVA Compass Investment Solutions (CRD #: 17086) 
  • BBVA Investments (CRD #: 31769) 
  • Banorte Securities International (CRD #: 30648) 

Kurta Law Can Help 

If you have worked with Elias Letayf and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Do not let securities fraud go unchecked. Start your recovery process today.