Stoltmann Law Offices is investigating Patrick Lacy Cook, a former registered investment adviser with UBS in Houston, Texas. Cook entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) after being accused of executing two unauthorized transactions in a customer account. On March 6, 2013, Cook received an email from a customer’s account that requested $35,000 in a wire transfer. The wire was instructed to be made payable to the bank account for the benefit of a third party individual residing in Lubbock, Texas. Cook sold shares of stock to complete the transfer and raise the proceeds for it. Cook never was instructed by the customer to sell stocks in order to generate proceeds for the wire transfer. For this he was fined $5,000 and suspended from associating with any FINRA member firm for 10 business days.
Patrick Lacy Cook was registered with Merrill Lynch from July 1984 until January 1988, Rotan Mosle from December 1987 until January 1991 and UBS in Houston from January 1991 until February 2015. He is currently registered with Robert W. Baird in Houston, Texas and has been since February 2015. He has two customer disputes against him. If you would like to bring a claim against Cook, please call our securities law firm at 312-332-4200 to speak with an attorney. The call is free with no obligation. You may be able to sue his former firm, UBS, in the FINRA arbitration forum for failure to properly supervise him. We take cases on a contingency fee basis.