Investors potentially experienced sales practice violations by securities broker Frank Phillip Hill [CRD: 2208115, Louisville, Kentucky], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hill worked for Kestra Investment Services LLC and Kestra Advisory Services LLC starting November 16, 2018, and was previously registered with MWM Advisory from April 30, 2014, to May 7, 2019. Keep reading to discover more about the disclosures involving this securities broker.
Notably, on May 5, 2025, a Kestra Investment Services LLC client filed FINRA Arbitration No. 25-00959 about Frank Hill. Primarily, the client alleged that Hill made misrepresentations and made unsuitable recommendations, including recommending a life insurance policy over a securities-based portfolio. Because of this, the client allegedly incurred damages linked to life insurance products. Consequently, the client requested $500,000 in compensation from Kestra Investment Services LLC or Hill. BrokerCheck shows that this arbitration is ongoing.
Particularly, a client of Kestra Investment Services LLC contested Hill’s sales practices, according to a complaint dated May 31, 2022. Allegedly, Hill made unsuitable recommendations, including the sale of two whole life insurance policies. It appears that Hill allegedly caused the client to sustain damages. As a result, the client sought compensation from Kestra Investment Services LLC or Hill in the amount of $325,000 in this matter. However, the firm denied this complaint.
Did you suffer any investment-related losses because of Frank Hill? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for many investors throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Hill and brokerage firms Hill 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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