Soreide Law Group is investigating possible investor claims against securities broker Donovan Kelly (also known as Donovan Thomas Kelly) [CRD: 2622366, Billings, MT]. Notably, FINRA sanctioned the securities broker, who worked for Independent Financial Group LLC. Allegedly, Kelly engaged in private securities transactions. Here is a brief summary of FINRA’s allegations against Kelly.
Evidently, on March 16, 2022, FINRA issued Case: 2020067520001 sanctioning Donovan Kelly for infractions. Specifically, Kelly was issued a 7-month suspension as a securities broker, meaning FINRA disallowed him from maintaining an association with FINRA-member firms. Also, the financial regulator issued him a fine in the amount of $10,000. Notably, FINRA alleged that Kelly engaged in private securities transactions involving the sale of promissory notes in an oil and gas drilling company.
FINRA says that altogether, clients invested $688,000 in this company. The regulator also indicated that Kelly did not answer truthfully on compliance questionnaires concerning his participation in private securities transactions.
Did you incur damages by investing with Donovan Kelly? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your investment losses. Soreide Law Group, who has successfully recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Donovan Kelly and brokerage firms Kelly 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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