Investors might have sustained losses due to securities broker Ernest Adolf Stiba Jr. (also known as Ernie Stiba Jr.) [CRD: 1254994, Waco, Texas], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ernest Stiba worked for Lion Street Financial LLC and Lion Street Advisors LLC from September 22, 2016, to November 3, 2025, and has been registered with Integrity Alliance LLC since November 3, 2025. See the following information to discover more about disclosures involving Ernest Stiba.
Notably, a Lion Street Financial LLC client filed FINRA Arbitration No. 23-01684 about Ernest Stiba. Mainly, the client alleged that Stiba gave unsuitable advice by recommending an alternative investment that was allegedly inappropriate for unsophisticated investors. Because of this, the client allegedly sustained damages associated with direct investments. Therefore, on September 12, 2024, Lion Street Financial LLC settled this matter by paying the client $90,250.
Evidently, a client of Lion Street Financial LLC contested Ernest Stiba’s sales practices by filing FINRA Arbitration No. 22-02635. Allegedly, Stiba made unsuitable recommendations involving direct investments. It appears that Stiba allegedly caused the client to sustain damages. As a result, Lion Street Financial LLC agreed to settle the matter on October 19, 2023, by compensating the client in the amount of $65,000.
Are you worried about investments you made through Ernest Stiba? You can contact Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the country. Also, our securities lawyers handle cases on a contingency fee basis and advance all costs. Stiba and brokerage firms Stiba 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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