Investors potentially experienced sales practice violations due to securities broker Jaime Antonio Rullan-Ferrao (also known as Jaime Rullan) [CRD: 2923020, Guaynabo, Puerto Rico], based on public information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Rullan joined Merrill Lynch on August 3, 2009, as a broker, and on March 15, 2013, as an investment adviser. Keep reading to find out more about the disclosures reported concerning Rullan.
Evidently, on May 15, 2024, a Merrill Lynch client filed FINRA Arbitration No. 24-01061 about Jaime Rullan. Primarily, the client alleged that Rullan misrepresented information and gave unsuitable advice about closed end funds. Therefore, the client requested damages in compensation from Merrill Lynch or Rullan. Supposedly, this claim awaits a resolution.
Additionally, a client of Merrill Lynch and UBS Financial Services took aim at Jaime Rullan’s sales practices by bringing FINRA Arbitration No. 18-03698. Allegedly, Rullan misrepresented facts and made unsuitable recommendations concerning closed end funds. For this reason, Merrill Lynch opted to settle the dispute on May 20, 2020, by paying $25,000.
Particularly, a Merrill Lynch and UBS Financial Services Inc. client filed FINRA Arbitration No. 18-03444 about Jaime Rullan-Ferrao. Evidently, the client alleged unsuitable advice and misrepresentation. Because of this, the client allegedly incurred damages linked to closed end funds. As a result, on March 3, 2021, Merrill Lynch settled this matter by paying the client $25,000.00 in damages.
Also, a client of Merrill Lynch disputed Jaime Rullan-Ferrao’s sales practices by filing FINRA Arbitration No. 18-03201. Allegedly, Rullan-Ferrao made misrepresentations and unsuitable recommendations. It appears that Rullan-Ferrao caused the client to sustain damages linked to municipal bonds. Consequently, Merrill Lynch opted to settle the matter on May 13, 2020, by compensating the client in the amount of $22,000.00.
Specifically, a Merrill Lynch client filed FINRA Arbitration No. 16-01126 about Jaime Rullan-Ferrao. Mainly, the client claimed that Rullan-Ferrao made omissions, misrepresentations, engaged in unauthorized trading, and gave unsuitable advice about closed end funds. For this reason, on February 13, 2020, Merrill Lynch settled this matter by paying the client $25,717.24 in damages.
Did you experience losses because of Jaime Rullan-Ferrao? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for investors located throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Rullan and brokerage firms Rullan worked for deny allegations referenced within these public 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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