Our firm is investigating UBS Financial Services Inc. financial advisor and stockbroker Felipe Andre Zegarra (CRD# 6803469) of Mount Laurel, New Jersey for potential investment-related misconduct.
Financial Advisor’s Career History
Based on his FINRA BrokerCheck report, Felipe Andre Zegarra reported the following securities industry registration history:
- UBS Financial Services Inc. (Mount Laurel, NJ / Weehawken, NJ) — Registered 11/2025 to Present (Broker and Investment Adviser Representative).
- Vanguard Advisers, Inc. / Vanguard Marketing Corporation (Malvern, PA) — Registered 08/2021 to 11/2025.
- Morgan Stanley (Mount Laurel, NJ) — Registered 07/2018 to 03/2021.
# Felipe Andre Zegarra Fraud Allegations and Investor Complaints Explained
FINRA BrokerCheck reflects one disclosed customer dispute for Mr. Zegarra.
Customer Dispute Alleging Failure to Place Trades When Requested
- Allegation: A client alleged losses because the advisor did not place trades on the day the client requested by phone.
- Time period at issue: January 13, 2022 – January 18, 2022.
- Firm connection (as reported): The complaint was received through Vanguard Advisers, Inc. (with narrative noting the advisor was an employee of The Vanguard Group, Inc.).
- Complaint received: 01/18/2022.
- Product type: Listed as “No Product.”
- Alleged damages: $0.00 (with an explanation that the client did not allege a specific dollar amount, but stated he “lost money” because the trades were not completed when requested).
- Resolution: Settled on 02/02/2022 for $15,303.48 (individual contribution amount reported as $0.00).
Disclosure Summary (Bullet List)
- Customer Dispute (Settled) — Client alleged losses tied to trades not being placed when requested by phone (activity: 01/13/2022–01/18/2022; complaint received 01/18/2022; settled 02/02/2022; settlement $15,303.48; reported individual contribution $0.00).
To obtain a copy of Felipe Andre Zegarra’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2010 and Failure to Follow Customer Instructions
FINRA Rule 2010 requires member firms and associated persons to observe high standards of commercial honor and just and equitable principles of trade. In disputes like the one reported here—where a client alleged trades were not placed on the requested day—investigators often evaluate whether the advisor’s conduct fell below professional standards (for example, by failing to act promptly and fairly on client directions, or by mishandling communications and follow-through).
FINRA Rule 5310 (Best Execution) and Order Handling
FINRA Rule 5310 addresses best execution and requires reasonable diligence to obtain the most favorable terms reasonably available when handling customer orders. Although the reported allegation here centers on timing (not placing trades when requested), questions about order handling commonly overlap with best-execution and diligence concepts—such as whether the firm’s processes ensured customer orders and trade requests were handled promptly and appropriately, and whether delays adversely impacted the customer’s outcome.
FINRA Rule 3110 (Supervision) and Firm Oversight
FINRA Rule 3110 requires firms to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable securities laws and FINRA rules. Where a customer alleges an advisor failed to place requested trades, supervisors may be expected to have procedures and controls to monitor order intake, escalation of client trade requests, and documentation—so customer instructions are not missed, delayed, or mishandled.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.