Investors apparently complained about securities broker Howard Jeffrey Douglas [CRD: 1043662, Dix Hills, New York], according to disclosures on FINRA BrokerCheck. Apparently, Douglas worked for Equitable Advisors LLC from June 1, 2005, to December 7, 2021. He subsequently registered with APS Wealth Management LLC, American Portfolios Advisors Inc., American Portfolios Financial Services Inc., and currently with Osaic Wealth Inc. since October 11, 2024. Keep reading to learn more about Douglas’s disclosures.
Also, a client filed a complaint about Howard Douglas. The client alleged that Douglas made unsuitable recommendations and omitted material facts regarding the risks of a real estate investment trust purchased in 2014. Because of this, the client allegedly sustained damages on real estate securities. Consequently, on December 20, 2024, Equitable Advisors LLC settled this matter by paying the client $13,000 in damages.
Specifically, a client of Equitable Advisors LLC contested Howard Douglas’s sales practices, according to a complaint dated September 27, 2023. Allegedly, Douglas made unsuitable recommendations and did not complete the client’s annuity application to reflect guaranteed protection. Supposedly Douglas caused the client to sustain damages on variable annuities. Therefore, the client sought damages from Equitable Advisors LLC or Douglas in this matter. The firm denied this complaint.
Also, on November 30, 2021, Equitable Advisors LLC disaffiliated with Douglas. Evidently, Equitable Advisors LLC alleged that Douglas engaged in trading within an investment advisory accounts and reviewed an account after the death of a client.
Are you looking for more information about Howard Douglas? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Douglas and brokerage firms Douglas 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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