Investors might have sustained losses because of securities broker Brendan Riley Cefalu [CRD: 6492130, New York, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Cefalu has worked with Morgan Stanley since July 11, 2022, as a broker and since December 24, 2022, as an investment adviser. See the following information to find out more the disclosures concerning Cefalu and what they could mean for investors.
Evidently, a client of Morgan Stanley contested Brendan Cefalu’s sales practices by filing FINRA Arbitration No. 25-00718 on April 5, 2025. Allegedly, Cefalu executed a trade in the client’s account without authorization. Allegedly, Cefalu caused the client to sustain damages related to an employee/employer stock option plan. Therefore, the client seeks compensation from Morgan Stanley or Cefalu in an unspecified amount in this ongoing matter.
Unauthorized trading occurs when a securities broker or financial adviser executes a transaction in a client’s account without that client’s prior knowledge or consent. Unless the client has granted the broker discretionary authority, each trade must be approved in advance. This type of conduct violates industry rules and can result in significant financial losses for clients, especially if the unauthorized transaction involves complex or unsuitable investments. FINRA and other regulatory bodies treat unauthorized trading as a violation, which can be the basis for client disputes or disciplinary actions.
Are you concerned regarding investments you made with Brendan Cefalu? Contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. For years, Soreide Law Group has helped with recovering losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Cefalu and brokerage firms Cefalu worked for deny allegations 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 […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com