Investors reportedly may have incurred losses due to securities broker Edward Carchia Jr. (also known as Ed Carchia Jr. and Edward Karchia Jr.) [CRD: 1328905, Paramus, New Jersey], according to disclosures on FINRA BrokerCheck. According to the regulator, Edward Carchia worked for Morgan Stanley from June 1, 2009, to July 21, 2022. Here’s more about the securities broker’s disclosures.
Notably, a Morgan Stanley client filed FINRA Arbitration No. 23-03535 about Carchia. The client alleged that Carchia made unsuitable recommendations. Because of this, the client allegedly sustained damages on exchange-traded funds. Therefore, on February 3, 2025, Morgan Stanley settled this matter by paying the client $175,000 in damages.
Specifically, a Morgan Stanley client filed FINRA Arbitration No. 16-00873 about Edward Carchia. Supposedly, Carchia made unsuitable recommendations regarding government bonds from 2006 through 2014. Therefore, on April 11, 2017, Morgan Stanley settled this matter by paying the client $20,000 in damages.
Also, a client of Morgan Stanley contested Carchia’s sales practices, according to a complaint. Allegedly, Carchia made unsuitable recommendations regarding mutual funds between 2010 and 2013. Therefore, Morgan Stanley opted to settle the matter on September 21, 2013, by compensating the client in the amount of $30,000.
Seeking more information about Edward Carchia? If you incurred losses, contact Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer about a potential recovery. Soreide Law Group has recovered losses for investors throughout the country, represents clients on a contingency fee basis, and advances all costs. Carchia Jr. and brokerage firms Carchia Jr. 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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