Investors potentially experienced sales practice violations by securities broker Gregory Wayne Berg [CRD: 3081088, Houston, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Gregory Berg worked for LPL Financial LLC from August 23, 2023, to January 5, 2026, and previously worked for Merrill Lynch from July 27, 2005, to August 25, 2023. Read on to find out more about the disclosures involving this securities broker.
Notably, a client of LPL Financial LLC disputed Berg’s sales practices, according to a complaint dated November 18, 2025. Allegedly, Berg made misrepresentations and engaged in unauthorized transactions involving the annuitization of an annuity. It appears that Berg allegedly caused the client to sustain damages related to variable annuities. As a result, the client sought compensation from LPL Financial LLC or Berg in the amount of $200,000 in this matter.
Particularly, on December 15, 2025 LPL Financial LLC disaffiliated with Berg. Specifically LPL Financial LLC alleged that Berg did not promptly elevate a client complaint to the firm and resolved that complaint without obtaining the firm’s required written authorization.
Are you concerned about investments you made through Gregory Berg? Contact Soreide Law Group at (888) 760-6552 or online and speak to a securities lawyer about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, our securities lawyers represent investors on a contingency fee basis and advance all costs. Berg and brokerage firms Berg 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 […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com