Soreide Law Group has learned of possible investor claims against securities broker David Lau (also known as David Luu) (CRD: 4567411, Santa Rosa, California). Particularly, FINRA sanctioned the securities broker, who worked for Morgan Stanley. Allegedly, Lau engaged in discretionary trading. Here is a brief summary of FINRA’s allegations against Lau.
Particularly, FINRA issued Case: 2021070917301 on November 18, 2022, sanctioning David Lau for infractions. Allegedly, Lau engaged in discretionary trading. Supposedly, clients did not give him written permission to have discretionary authority. Additionally, the securities firm never gave him the green light for this type of trading. Therefore, Lau agreed to pay a $5,000 fine and serve a 20-day suspension as securities broker.
Also, on March 3, 2021, Morgan Stanley disaffiliated with Lau. Evidently, Morgan Stanley alleged that Lau engaged in unauthorized trading.
Have you sustained damages due to the actions of David Lau? If you have, then reach out to Soreide Law Group at (888) 760-6552 and speak with an investment lawyer regarding a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Please keep in mind that Lau and brokerage firms Lau worked for deny any and all 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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