Investors may have suffered financial harm by securities broker David Jay Betman [CRD: 1380281, West Conshohocken, Pennsylvania], based on publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Betman has worked for Morgan Stanley since March 25, 2010, as a securities broker and since March 26, 2010, as a financial advisor. See the following information to learn more about disclosures involving Betman and the allegations raised by clients.
Evidently, a client filed a complaint about David Betman. Primarily, the client alleged that Betman engaged in unauthorized trading by allowing option transactions to be entered into a trust account without the client’s consent. Because of this, the client allegedly experienced damages on stocks. Consequently, on April 23, 2026, Morgan Stanley settled this matter by paying the client $79,041.
Additionally, a client filed a complaint about David Betman. Mainly, the client alleged that Betman recommended a Geneva Steel corporate bond by emphasizing its higher interest return while minimizing the investment's risk. The bond apparently later defaulted. For this reason, the client allegedly sustained damages. However, on April 6, 2001, Gruntal Co. denied the client's allegations after investigating the matter.
Are you worried about investments you made through David Betman? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Betman and brokerage firms Betman 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 […]
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