Financial Industry Regulatory Authority (FINRA) BrokerCheck has released new information in regard to securities broker Jeffrey Lamar Burton (CRD#: 2366552, Charleston, South Carolina). Notably, six investors filed disputes in regard to Burton, who worked for securities firms UBS Financial Services (2000 to 2016) and Wells Fargo Advisors Financial Network (2016 to present). These disclosures make allegations of Burton’s sales practice violations causing investors to experience losses. Let’s take a closer look at these disclosures.
Evidently, a client of Wells Fargo Advisors Financial Network disputed Burton’s sales practices. Specifically, the client contended that Burton failed to place trades according to instructions that they provided. For this reason, the client purportedly lost out on investment opportunities between February 2020 to April 2020. Apparently, Wells Fargo settled through making a $100,000.00 payment to the client in September of 2020.
Notably, a Wells Fargo Advisors client took issue with Jeffrey Burton’s trading practices in November 2018. The client alleged to have been invested in GNMA bonds when this was not suitable for them. Not only that, but the client argued that GNMA transactions resulted in excessive fees. Ultimately, Wells Fargo chose to settle this matter through making a $1,550,000.00 payment to the client in November 2019.
Moreover, a client of UBS Financial Services brought a dispute about Jeffrey Burton. Specifically, the client claimed that Burton did not reasonably supervise their account. The client received $27,500.00 in damages to settle this matter. Three prior disputes also allege that Burton failed to supervise. The client who brought the first dispute received $600,000.00. The second one took in $141,000.00 as a settlement. And the third received $105,000.00.
Apparently, Jeffrey Burton denies allegations of his sales practice violations. Have you incurred losses by investing with him? If so, touch base with Soreide Law Group at (888) 760-6552 and speak with a knowledgeable securities lawyer about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have experienced losses because of their securities brokers and financial advisors.
CONTACT US
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