Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Jason Ryan Jaynes [CRD: 5555100, Frisco, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Jaynes has been registered with Wells Fargo Clearing Services LLC and Wells Fargo Advisors since December 10, 2019. Continue reading to discover more about the disclosures filed against Jaynes.
Evidently, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration No. 20-02353 about Jason Jaynes. Supposedly, Jaynes neglected to reduce the over-concentrated and over-leveraged nature of their accounts. Supposedly, Jaynes also made unsuitable recommendations. Because of this, the client allegedly sustained damages. Consequently, on April 18, 2022, Wells Fargo Clearing Services LLC settled this matter by paying the client $2,000,000 in damages.
Particularly, a client of Merrill Lynch Pierce Fenner Smith Incorporated contested Jason Jaynes’s sales practices by filing FINRA Arbitration No. 21-00172. Allegedly, Jaynes gave unsuitable investment advice and made misrepresentations from February 2013 until December 2019. It appears that Jaynes allegedly caused the client to sustain damages on commodity futures. Therefore, Merrill Lynch Pierce Fenner Smith Incorporated opted to settle the matter on October 24, 2022, by compensating the client in the amount of $2,850,000.
Did you suffer losses because of Jason Jaynes? If so, get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Jaynes and the brokerage firms he 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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