Tracy Longstreet Complaints have drawn attention due to serious allegations spanning years. Tracy Marie Longstreet worked as a stockbroker and financial advisor for companies like UBS Financial Services Inc.
(2009–2024) and Morgan Stanley (2000–2009). FINRA barred her on September 11, 2024, after she failed to submit crucial documents during an investigation. Customers claim she stole funds and made improper beneficiary changes to benefit friends or family while at UBS from 2015 to 2023.
One case led to a $750,000 settlement in November 2024 under FINRA Arbitration Docket Number 24-01220. Investigations into her actions highlight major compliance breaches tied to fiduciary duties.
The details reveal a deeper story of misconduct impacting many lives.
Key Takeaways
Table of Contents
- Tracy Longstreet, a financial advisor with CRD Number 1768525, faced serious allegations, including theft from customer accounts and altering IRA beneficiaries for personal gain during her tenure at UBS Financial Services Inc. (2009–2024).
- FINRA permanently barred her on September 11, 2024, for refusing to provide required documents during investigations. This violated FINRA Rules 2010 and 8210.
- A UBS client received $750,000 in November 2024 through a FINRA arbitration case (Docket No. 24-01220) resolving claims tied to Longstreet’s misconduct between 2015 and 2023.
- Allegations highlighted unethical practices such as unauthorized account transactions and unsuitable beneficiary changes benefiting family or friends.
- Legal assistance is available nationwide for impacted investors through Haselkorn & Thibaut. They offer free consultations with cases handled on contingent fees only if settled successfully.
Tracy Longstreet’s Professional Background
Tracy Longstreet built a career as a financial advisor in several brokerage firms over two decades. Her work spanned high-profile companies, earning her both experience and scrutiny within the securities industry.
Full Name: Tracy Marie Longstreet
Tracy Marie Longstreet, CRD Number 1768525, worked as a stockbroker and financial advisor for over two decades. She operated under names like Tracy Longstreet and Tracy Marie Sorth while based in Houston, Texas.
Her career included roles at UBS Financial Services Inc. from 2009 to 2024 and Morgan Stanley firms between 2000 and 2009. Despite these affiliations, her current employment status shows she is no longer registered with any brokerage firm or investment advisor.
Current Employment Status: Not registered
As of now, Tracy Marie Longstreet is not registered in the financial industry. She received a permanent bar from acting as a broker on September 11, 2024.
FINRA’s ban stems from severe allegations tied to her professional dealings. These actions violate industry standards set under FINRA Rule 2010 and FINRA Rule 8210 for failing to provide crucial documents during investigations.
Previous Employment
Tracy Marie Longstreet worked at UBS Financial Services Inc. from 2009 to 2024 as a stockbroker and financial advisor. She provided services in Houston, TX, under the CRD Number 1768525 during this time.
Before joining UBS, she held positions at Morgan Stanley & Co. Incorporated between 2007 and 2009. From 2000 to 2007, she was with Morgan Stanley DW Inc., serving clients in similar roles across brokerage firms.
UBS Financial Services Inc. (2009–2024)
Tracy Marie Longstreet worked at UBS Financial Services Inc. from 2009 until 2024. During her employment, numerous allegations arose, highlighting misconduct between 2015 and 2023.
Accusations centered on ongoing theft from customer accounts and altering IRA beneficiaries for personal gain.
A FINRA arbitration case filed under Docket Number 24-01220 led to a $750,000 award to a victimized client in November 2024. These claims revealed serious breaches of trust during her tenure with the firm.
Morgan Stanley & Co. Incorporated (2007–2009)
Before joining UBS Financial Services Inc., she worked at Morgan Stanley & Co. Incorporated. From 2007 to 2009, she held the position of financial advisor and stockbroker in Houston, TX.
Her responsibilities included managing investment portfolios and advising clients on financial strategies. During this time, she gained experience dealing with diverse customer accounts at a major brokerage firm.
Morgan Stanley DW Inc. (2000–2007)
Tracy Longstreet worked as a financial advisor at Morgan Stanley DW Inc. from 2000 to 2007. Based in Houston, Texas, she provided brokerage services and handled client investments during this time.
Her role involved managing portfolios and advising clients on securities transactions. As a registered stockbroker then, she operated under her CRD Number 1768525. Allegations of misconduct surfaced later in her career but did not publicly implicate her activities at Morgan Stanley DW Inc.
Role: Stockbroker / Financial Advisor
Tracy Marie Longstreet held roles as a stockbroker and financial advisor for multiple brokerage firms. Her tenure included positions at UBS Financial Services Inc. from 2009 to 2024 and earlier work with Morgan Stanley & Co.
Incorporated between 2007 and 2009. Morgan Stanley DW Inc. employed her from 2000 to 2007 in similar capacities.
She primarily operated out of Houston, Texas, under CRD Number 1768525. Allegations of misconduct later overshadowed her career, affecting her professional standing in the financial industry.
Aliases: Tracy Longstreet
Her professional records list her as Tracy Marie Longstreet. She is also referred to by the variation Tracy Marie Sorth in some cases.
These aliases appear frequently in financial industry regulatory documents, including those tied to allegations and settlements involving UBS Financial Services Inc.
Primary Location: Houston, TX
Tracy Longstreet operated primarily in Houston, TX, during her career as a financial advisor. She worked with UBS Financial Services Inc., Morgan Stanley DW Inc., and other brokerage firms over 24 years in the industry.
Her alleged misconduct, including IRA beneficiary changes for personal gain and ongoing theft from accounts, impacted numerous clients based in Houston. These allegations led to serious regulatory actions by the Financial Industry Regulatory Authority (FINRA).
CRD Number: 1768525
CRD Number 1768525 identifies Tracy Marie Longstreet in the Financial Industry Regulatory Authority (FINRA) system. This unique identifier tracks her professional history, regulatory actions, and misconduct allegations during nearly two decades as a stockbroker and financial advisor.
It also serves as a reference for complaints filed against her. FINRA records show significant disciplinary actions tied to this CRD number. These include barring her from acting as a broker after she failed to provide the requested information in 2024.
More details about her professional background follow next under “Tracy Longstreet’s Professional Background.”.
FINRA Actions Against Tracy Longstreet
FINRA barred Tracy Longstreet from working as a broker after she failed to submit requested documents and crucial information. Learn more about the allegations surrounding her case.
Barred from acting as a broker as of September 11, 2024
Tracy Marie Longstreet faces a permanent ban from acting as a broker starting September 11, 2024. This decision stems from allegations of her refusal to provide key documents and information requested during an inquiry by the Financial Industry Regulatory Authority (FINRA).
Her non-compliance violates FINRA Rule 8210, which mandates cooperation in investigations. The bar highlights severe misconduct and marks her exit from the financial industry after over two decades of work at firms like UBS Financial Services Inc.
Allegations of failure to provide requested documents and information
FINRA accused Longstreet of failing to provide requested documents and information during its investigation. This conduct broke FINRA Rule 8210, which requires cooperation with requests for records or testimony.
Her non-compliance led to significant consequences. On September 11, 2024, she was permanently barred from the financial industry. This action reflected her serious breach of regulatory obligations as a financial advisor.
Highlighted Allegations by Customers
Customers accused Tracy Longstreet of unethical practices, triggering investigations. Explore further details surrounding these serious claims.
Ongoing theft from customer accounts during her tenure at UBS Financial Services Inc. (2015–2023)
Tracy Marie Longstreet faced allegations of stealing funds from customer accounts during her time at UBS Financial Services Inc. from 2015 to 2023. Victims reported unexplained withdrawals, missing assets, and unauthorized transactions tied to her management.
These accusations involved significant losses that led to financial disputes with affected clients. Such misconduct raised concerns about brokerage firm oversight and investor protections within the financial industry.
Unsuitable alterations to IRA beneficiaries for personal gain, benefiting family and/or friends
Improper changes to IRA beneficiaries raised serious concerns during Longstreet’s time at UBS Financial Services Inc. Records revealed alterations that shifted beneficiary designations to favor friends and family members over rightful heirs.
These actions directly violated fiduciary duties entrusted to her as a financial advisor.
The modifications appeared designed for personal gain, undermining client trust and regulatory compliance. Such conduct highlighted severe breaches of ethics within brokerage firms like UBS Financial Services Inc., further fueling investor complaints against her professionalism.
Financial Settlement
A UBS customer received $750,000 in a financial dispute involving claims of theft linked to Tracy Longstreet. Read further to understand the case details and its implications.
UBS Financial Services Inc. customer awarded $750,000 to settle allegations of theft against Longstreet
A customer of UBS Financial Services Inc. received $750,000 in November 2024 to resolve claims of theft involving Tracy Longstreet. The settlement addressed accusations that Longstreet engaged in ongoing theft from client accounts during her time at the firm between 2015 and 2023.
The case was filed under FINRA Arbitration Docket Number 24-01220. Allegations claimed she made unauthorized changes to IRA beneficiaries, benefiting close associates or family members.
This payout highlights significant breaches of trust by the former Houston-based financial advisor.
Case filed with FINRA Arbitration under Docket Number 24-01220 and resolved in November 2024
The arbitration case, filed under Docket Number 24-01220, involved allegations against Tracy Marie Longstreet. A customer of UBS Financial Services Inc. claimed theft from their accounts during her tenure at the firm.
In November 2024, FINRA resolved the dispute through arbitration. The resolution awarded $750,000 to the affected investor as a financial settlement for damages caused by Longstreet’s misconduct.
Regulatory Compliance Issues
Tracy Longstreet faced industry expulsion after severe non-compliance with regulatory demands and ethical breaches. Read more to uncover the full scope of these allegations.
Allegations of refusal to comply with requests for documents, violating FINRA Rule 8210
Failure to provide requested documents and information violated FINRA Rule 8210. This rule mandates full cooperation during investigations or inquiries by the Financial Industry Regulatory Authority (FINRA).
Tracy Marie Longstreet refused to comply with these requests, leading to severe consequences.
Her refusal resulted in permanent suspension from the financial industry as of September 11, 2024. Such actions showcase a breach of regulatory obligations intended to maintain transparency within brokerage firms.
These allegations highlight misconduct linked to her role at UBS Financial Services Inc., raising concerns about accountability in investor relations.
Permanent bar from the industry due to severe misconduct and breach of fiduciary duty
FINRA permanently barred Tracy Marie Longstreet from the financial industry on September 11, 2024. Her severe misconduct included ongoing theft and breaches of fiduciary duty during her employment at UBS Financial Services Inc.
She allegedly altered IRA beneficiaries for personal gain, violating trust with clients. Refusing to comply with FINRA Rule 8210 requests further compounded her violations. This decision ensures she can no longer serve as a stockbroker or financial advisor in any capacity within the securities sector.
Legal Assistance
Legal experts support investors who suffered financial losses due to alleged misconduct. Contact them now for advice customized to your situation.
Haselkorn & Thibaut offers free consultations for individuals who suffered investment losses due to misconduct by Tracy Longstreet
Haselkorn & Thibaut offers free consultations to investors impacted by Tracy Longstreet’s alleged misconduct. The firm assists individuals who suffered investment losses tied to her actions, including theft from accounts and unsuitable alterations to IRA beneficiaries.
The law office provides nationwide representation for affected clients on a contingency fee basis. Contact Haselkorn & Thibaut toll-free at 1-888-885-7162 to explore legal options and pursue claims tied to securities fraud or broker misconduct.
Nationwide representation for affected investors
InvestementFraudLawyers.com provides legal assistance to investors defrauded by financial advisors like Tracy Longstreet. He represents clients nationwide, ensuring access to justice for those affected by investment losses or securities fraud.
Cases are handled on a contingent fee basis, meaning clients pay no upfront costs. This approach offers support to individuals seeking compensation against brokerage firms like UBS Financial Services Inc. who failed their fiduciary duties.
Cases handled on a contingent fee basis
Haselkorn & Thibaut offers legal services on a contingent fee basis. Clients pay no upfront fees for representation in cases involving investment losses due to misconduct by financial advisors like Tracy Marie Longstreet. Fees are only charged if the case resolves successfully, ensuring accessible help for affected investors.
This arrangement promotes fairness, especially for victims of securities fraud or theft who may already suffer financial setbacks. Cases related to IRA beneficiary alterations or unauthorized account activities, as alleged against Longstreet, fall within this framework.
Consultations remain free and aim to support investors nationwide in recovering their losses.
Conclusion
Tracy Longstreet’s case highlights serious misconduct in the financial sector. Her actions, including theft and altered IRA beneficiaries, impacted many investors’ trust. UBS Financial Services Inc.’s settlement of $750,000 shows the gravity of these allegations.
Non-compliance with FINRA rules led to her permanent industry ban. Legal support options exist for affected investors nationwide. Take steps to protect your investments by seeking trusted guidance promptly.
