Investors supposedly complained about securities broker Debra Jo Schleining (also known as Deb Hinton, Debra Jo Hinton, Deb Schleining, Debbie Schleining, and Debbie Turner) [CRD: 2768752, Omaha, Nebraska], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Schleining has worked with McDermott Investment Services LLC in Omaha, Nebraska, since May 14, 2015. Evidently, Schleining has worked with this firm for nearly a decade, and a recent disclosure indicates a pending investor dispute concerning her conduct. Read on to find out more the allegations related to this case.
Notably, on February 3, 2025, a McDermott Investment Services client filed FINRA Arbitration No. 25-00239 about Debra Schleining. Allegedly, Schleining made unsuitable recommendations and failed to perform due diligence. The client’s claim also alleged breach of fiduciary duty and negligence. For this reason, the client allegedly sustained damages on Delaware Statutory Trusts (DSTs). As a result, the client requested $1,580,000.00 in compensation from McDermott Investment Services or Schleining. It appears that this arbitration is ongoing.
A fiduciary duty is a legal obligation that requires financial advisors and securities brokers to act in the best interest of their clients. When a broker breaches this duty, it means they put their own interests ahead of the client’s—potentially through unsuitable recommendations, failure to disclose important information, or other misconduct. A breach of fiduciary duty can result in significant financial harm to investors, especially those relying on brokers to provide trustworthy guidance.
Did you experience losses because of Debra Schleining? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery of your losses. Soreide Law Group is experienced with recovering losses for clients throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Schleining and brokerage firms Schleining 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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