Investors potentially experienced sales practice violations because of securities broker Gary Lee Leavitt [CRD: 712745, Whiting, Indiana], according to disclosures on FINRA BrokerCheck. Gary Leavitt worked for American Trust Investment Services Inc. from June 8, 2021 to February 14, 2025; McDermott Investment Services LLC from December 7, 2018 to October 22, 2020; and previously from May 22, 2018 to August 28, 2018. Continue reading to find out more about the disclosures involving Gary Leavitt.
Specifically, on May 7, 2024, an American Trust Investment Services Inc. client filed FINRA Arbitration No. 24-01000 about Leavitt. Allegedly, Leavitt breached his fiduciary duty, failed to supervise, and was negligent. Because of this, the client allegedly incurred damages linked to TIC 1031 investments. So, the client requested $5,000,000.00 in compensation from American Trust Investment Services Inc. or Leavitt. Evidently, this arbitration is awaiting a resolution.
Additionally, a client of GMI Securities Inc. contested Gary Leavitt’s sales practices by filing NASD Arbitration No. 90-03439. Supposedly, Leavitt engaged in unauthorized trading involving over-the-counter equities. Consequently, NASD Arbitrators issued an Award dated July 17, 1991 compelling GMI Securities Inc. and Leavitt to compensate the client in the amount of $6,300.55.
Are you concerned regarding investments you made with Leavitt? If so, contact Soreide Law Group online or at (888) 760-6552. Speak with a securities attorney about a potential recovery. For years, Soreide Law Group has helped to recoup losses for investors located within the US. Also, the firm works on a contingency fee basis and advances all costs. Please keep in mind that Leavitt and brokerage firms Leavitt worked for deny allegations of sales practice violations referenced in the above-mentioned disclosures.
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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