Investors apparently complained about securities broker James David Garrity [CRD: 2005714, Salt Lake City, Utah], according to public information on FINRA BrokerCheck. Evidently, Garrity has been registered with Morgan Stanley since December 7, 2015, and is based in Salt Lake City, Utah, and La Jolla, California. Continue reading to learn more about Garrity’s reported disclosures and the details of the allegations.
Notably, on August 28, 2025, a Morgan Stanley Smith Barney client filed FINRA Arbitration No. 25-01798 about James Garrity. The client alleged that Garrity made misrepresentations of material fact related to a covered call option strategy between 2023 and 2025. Because of this, the client allegedly sustained damages. As a result, the client requested compensation from Morgan Stanley Smith Barney or Garrity. It appears that this arbitration is pending a resolution.
Specifically, a client of Goldman, Sachs Co. contested James Garrity’s sales practices, according to a complaint. Allegedly, Garrity made misrepresentations of material fact concerning the risks of writing covered calls against a long stock position. It appears that Garrity caused the client to sustain damages. Therefore, Goldman, Sachs Co. opted to settle the matter on October 8, 1999, by compensating the client in the amount of $352,000.
Do you need clarification on any investment losses relating to James Garrity? If so, reach out to Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer about a possible recovery of your investment losses. For more than a decade, 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. Garrity and brokerage firms Garrity 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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