Investors potentially experienced sales practice violations by securities broker James Joseph Montalto [CRD: 711603, Northport, New York], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Montalto has been registered with RBC Capital Markets LLC since November 23, 2005. Read below to discover more about Montalto’s publicly reported disclosures.
Notably, a client filed a complaint about James Montalto. Mainly, the client alleged that Montalto engaged in unauthorized trading. Because of this, the client allegedly incurred damages on asset-backed bonds. As a result, on February 2, 2024, RBC Capital Markets LLC settled this matter by paying the client $14,500 in damages.
Particularly, a client of Advest Inc contested James Montalto’s sales practices by filing NYSE Arbitration No. 2003-014840. Allegedly, Montalto made misrepresentations and was negligent regarding risky mutual funds and other investments. It appears that Montalto allegedly caused the client to sustain damages. Therefore, NYSE Arbitrators issued an Award dated June 15, 2004 compelling Advest Inc or Montalto to compensate the client in the amount of $70,000.
Did you suffer any investment-related losses because of James Montalto? You can get in touch with Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, the firm takes cases on a contingency fee basis and advances all costs. Montalto and brokerage firms Montalto 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 […]
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