Investors apparently complained about securities broker David Andrew Ward [CRD: 5924877, Raleigh, North Carolina], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ward worked for Wells Fargo Clearing Services LLC from July 14, 2016, to June 20, 2024. See the following information to find out more about the disclosures involving this securities broker.
Particularly, on May 22, 2024, Wells Fargo Clearing Services LLC disaffiliated with Ward. Evidently, the firm alleged that Ward conducted business using communication methods that were not approved by the firm and recommended investing proceeds derived from an insurance policy loan.
Specifically, a client of Wells Fargo Advisors LLC contested Ward’s sales practices, according to a complaint. Allegedly, Ward engaged in sales practice violations involving the investment of funds borrowed against a life insurance policy, which led to losses, interest charges, and fees. It appears that Ward allegedly caused the client to sustain damages connected to variable annuities. Consequently, Wells Fargo Advisors LLC opted to settle the matter on January 2, 2024, by compensating the client in the amount of $34,000.
Do you need clarity on any investment losses relating to David Ward? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the United States. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Ward and brokerage firms Ward worked for deny any 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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