Investors potentially experienced sales practice violations due to securities broker Alexander Birke Gorman [CRD: 4704694, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Alexander Gorman has worked with Morgan Stanley in New York, New York, since June 1, 2009. Read on to find out more the allegations made against Alexander Gorman and what this could mean for investors.
Evidently, a client of Morgan Stanley contested Alexander Gorman’s sales practices, based on a complaint dated March 7, 2025. Allegedly, Gorman made unsuitable recommendations about covered option trading between 2019 and 2023. Allegedly, Gorman allegedly caused the client to sustain damages on stocks. Therefore, the client sought compensation from Morgan Stanley or Gorman in the amount of $429,000 in this matter.
Unsuitable trading in options typically means a financial advisor recommended options strategies—like covered calls, puts, or spreads—that were not appropriate based on the client’s investment profile. This includes factors such as age, financial situation, investment experience, risk tolerance, and investment objectives. In many cases, unsuitable options trading exposes investors to unnecessary risk, complexity, or financial loss they weren’t prepared for. FINRA rules require brokers to have a reasonable basis to believe an options strategy is suitable before recommending it.
Did you experience losses because of Alexander Gorman? Reach out to Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group is experienced with recovering losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Gorman and brokerage firms Gorman worked for deny accusations of sales practice violations.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CONCORDE INVESTMENTS SERVICES, LLC, and BERTHEL, FISHER & COMPANY FINANCIAL SERVICES, INC (Respondents). The Claimants are in their late 70s, retired, and according to the lawsuit, were not looking to take any unnecessary risks with their retirement savings. The Claimants […]
THEODORE WILLIAM BYRER (THEODORE W BYRER, TED BYRER) was registered as a broker with MORGAN STANLEY of Indianapolis, Indiana, from 11/11/2013 - 04/20/2023. He was most recently registered with INTERNATIONAL ASSETS ADVISORY, INC of Westfield, Indiana, from 05/09/2023 - 09/17/2024. According to his BrokerCheck CRD report, dated 7/23/2026, THEODORE W BYRER was suspended for 14 […]
MARK LAWRENCE SULLIVAN (MARK SULLIVAN, MARK L SULLIVAN), formerly with UBS Wealth Management USA in New York City, was fined $10,000 and suspended for three months by the Financial Industry Regulatory Authority (FINRA) over allegations that he traded in customers’ accounts without the proper approval. Sullivan was previously registered both as a broker and as an […]
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