Investors potentially incurred losses because of securities broker Gregory John Richards [CRD: 1339012, Scottsdale, Arizona], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Richards worked for Kingswood Capital Partners LLC beginning May 19, 2023, and Kingswood Wealth Advisors LLC beginning August 3, 2023, following prior employment with DST Wealth Management LLC, Benchmark Investments LLC, and Centaurus Financial Inc. Read below to discover more about the disclosures involving Richards.
Notably, on October 23, 2025, a Benchmark Investments LLC client filed FINRA Arbitration No. 25-01622 about Gregory Richards. Mainly, the client alleged that Richards breached his fiduciary duty, made misrepresentations, and made unsuitable recommendations regarding a high-risk investment. For this reason, the client allegedly experienced damages relating to alternative investments. Consequently, the client requested $175,000 in compensation from Benchmark Investments LLC or Richards. It appears that this arbitration is pending a resolution.
Evidently, a client of Benchmark Investments Inc. contested Gregory Richards’s sales practices by filing FINRA Arbitration No. 25-00447 on April 3, 2025. Allegedly, Richards breached his fiduciary duty, made misrepresentations, and recommended unsuitable and illiquid investments. It appears that Richards allegedly caused the client to sustain damages connected to alternative investments. As a result, the client seeks compensation from Benchmark Investments Inc. or Richards in the amount of $300,000 in this ongoing matter.
Specifically, a Centaurus Financial Inc. and Benchmark Investments LLC client filed FINRA Arbitration No. 22-01462 about Gregory Richards. Primarily, the client alleged that Richards breached his fiduciary duty, made misrepresentations, and made unsuitable recommendations involving high-risk and illiquid corporate bonds. Because of this, the client allegedly incurred damages. Therefore, on February 23, 2025, Centaurus Financial Inc. settled this matter by paying the client $68,000 in damages.
Did you suffer any investment-related losses because of Gregory Richards? You can contact Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Richards and brokerage firms Richards worked for deny accusations 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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