Investors potentially incurred losses because of securities broker Donald Richard Abaunza Jr. [CRD: 3172450, Harvey, Louisiana], based on disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Abaunza worked for Hancock Whitney Investment Services Inc. from February 8, 2012, to August 10, 2022, and thereafter worked for Cetera Investment Services LLC and Cetera Investment Advisers LLC beginning August 10, 2022. Investors are encouraged to continue reading to find out more about disclosures involving Donald Abaunza.
Specifically, a client filed a complaint about Donald Abaunza. Mainly, the client alleged that Abaunza charged excessive fees relating to managed/wrap accounts and that advisory fees exceeded the 1% fee amount the clients allegedly understood would apply to their three accounts. For this reason, the client allegedly incurred damages. Consequently, on February 4, 2026, Cetera Investment Services LLC settled this matter by paying the client $12,000.
Particularly, a client of PrimeVest Financial Services contested Donald Abaunza’s sales practices, according to a complaint dated November 4, 2010. Allegedly, Abaunza made unsuitable recommendations. It appears that Abaunza allegedly caused the client to experience damages on poorly performing fixed annuities and municipal bonds. Therefore, the client sought compensation from PrimeVest Financial Services or Abaunza in this matter. However, the firm denied this complaint.
Are you concerned about investments you made through Donald Abaunza? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of individuals throughout the country. Also, our securities lawyers represent investors on a contingency fee basis and advance all costs. Abaunza and brokerage firms Abaunza 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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