Investors might have sustained losses because of securities broker James Earl Hedgspeth III (also known as Jay Hedgspeth) [CRD: 7081984, Gadsden, Alabama], according to public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Hedgspeth worked for Morgan Stanley beginning April 21, 2023, as a broker and May 1, 2023, as an investment adviser, following prior registration with LPL Financial LLC from August 2021 to April 2023. Read on to learn more about the disclosures involving Hedgspeth.
Evidently, on June 20, 2025, an LPL Financial LLC client filed a complaint about James Hedgspeth. Mainly, the client alleged that Hedgspeth engaged in unauthorized trading and omissions regarding tax implications. For this reason, the client allegedly sustained damages linked to stocks. Consequently, the client requested $14,435 in compensation from LPL Financial LLC or Hedgspeth. However, the firm denied this complaint.
Specifically, a client of LPL Financial LLC contested James Hedgspeth’s sales practices, based on a complaint. Allegedly, Hedgspeth made misrepresentations and unsuitable recommendations. It appears that Hedgspeth allegedly caused the client to sustain damages connected to fixed annuities. Therefore LPL Financial LLC opted to settle the matter on October 13, 2023, by compensating the client in the amount of $30,216.
Do you need clarification on any investment losses relating to James Hedgspeth? You can get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm works on a contingency fee arrangement and advances all costs. Hedgspeth and brokerage firms Hedgspeth 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