One or more investors apparently complained about securities broker Jon M. Urbach [CRD: 5308455, Chicago, Illinois], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Urbach has been registered with Fidelity Brokerage Services LLC since January 1, 2008, and with Strategic Advisers LLC since March 31, 2025. Both entities are located in Chicago, Illinois, with Strategic Advisers LLC also listing Westmont, Illinois as a secondary location. Keep reading to discover more about the client dispute involving Urbach and the allegation of an improper referral.
Particularly, on July 2, 2024, a Fidelity Brokerage Services LLC client filed FINRA Arbitration No. 24-01450 about Jon Urbach. The client alleged that Urbach made an inappropriate referral involving an advisor. Because of this, the client allegedly sustained damages. Therefore, the client requested $426,273.00 in compensation from Fidelity Brokerage Services LLC or Urbach. Evidently, this arbitration is pending a resolution.
An allegation of unsuitable recommendations typically means a securities broker or financial advisor advised a client to make investments that did not align with that investor’s needs, goals, risk tolerance, or financial situation. FINRA regulations require that recommendations be “suitable” for the individual client based on these factors. If a broker ignores this obligation and suggests inappropriate products or strategies, the client may suffer financial harm—and the broker may face legal and regulatory action as a result.
Did you experience losses because of Jon Urbach? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a possible recovery of investment-related losses. Soreide Law Group has recovered losses for clients located throughout the country, represents clients through a contingency fee basis, and advances all costs. Urbach and brokerage firms Urbach worked for deny any 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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