Scott Meador, UBS Broker, Involved in $1 Million Dispute
Scott Meador (CRD# 2202512), a broker registered with UBS Financial, recommended unsuitable investments, according to investor disputes. MDF Law is investigating the Naples, Florida-based financial professional for similar conduct. If you suffered losses in your accounts, reach out for a free consultation with an attorney.
This post contains additional information about Mr. Meador’s history as a broker. The information below is based on a February 27, 2025 review of his BrokerCheck record, a Financial Industry Regulatory Authority profile.
Pending Dispute Alleges Unsuitable Allocation
On November 1, 2024, an party of investors lodged a dispute alleging that their account was unsuitably allocated in equities. Additionally, the claim alleged that their investment strategy was not in their best interest. The dispute, which is still pending, seeks $1 million in alleged damages.
Firm Settled Past Suitability Dispute
The above-described investor dispute is not the only one in Mr. Meador’s past. In 2009, another party of investors filed a dispute alleging unsuitable investment recommendations. In 2010, Mr. Meador’s former member firm settled the claim for $40,000.
Brokers Must Recommend Suitable Investments
Suitability disputes allege that a broker made investment recommendations that were not appropriate for an investor’s background and objectives. Unsuitable recommendations may violate FINRA Rule 2111, which makes clear that brokers must have a “reasonable basis to believe” their recommendations are suitable. They may also violate the SEC’s Regulation Best Interest. This standard requires that advisers “exercise reasonable diligence, care, and skill, to understand the potential risks, rewards, and costs” of the investments and/or strategies they recommend.
What Is the Meador, Sabia, Bickler Team?
As his BrokerCheck record reflects, Mr. Meador is a representative of UBS Financial Services. According to the firm’s webpage, he is a Managing Director of the Meador, Sabia, Bickler Team, a practice at the firm. “Our team has a depth of experience that gives us a holistic perspective on the markets as it relates to your financial life,” reads a section outlining the practice’s experience. “We deliver independent, objective financial guidance to individuals, families and institutions.”
FINRA: Broker Based in Naples, Florida
Mr. Meador started working as a broker in 1992, when he joined Merrill Lynch’s office in White Plains, New York. He remained at the firm until 2008, when he departed for UBS Financial Services. Still with UBS Financial today, he works at its office in Naples, Florida. With 33 years of experience as a broker, he has completed five industry exams, including the Series 66 and the Series 31.
Investors Have Rights. At MDF Law, We Protect Them
Did you suffer losses on your investments while working with Scott Meador? MDF Law may be able to help you secure a recovery. Contact our investment fraud attorneys at 800-767-8040 to learn more. Our clients only pay a fee if their case succeeds, and we currently offer free consultations to investors across the country. You may have a limited window to file your case, so please don’t delay: call MDF Law today.