FINRA suspended and fined securities broker Jose Antonio Navarro (also known as Tony Navarro) [CRD: 2250454, Los Angeles, California], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Navarro worked for Independent Financial Group LLC from December 7, 2017 to August 15, 2023, and LPL Financial LLC from September 8, 2009 to December 13, 2017. Read on to know more about the regulatory action involving Navarro and the circumstances that led to an investor complaint.
Specifically, on May 16, 2025, FINRA issued Case: 2023078727501 sanctioning Jose Navarro. Specifically, Navarro was fined $20,000 and suspended for 12 months. Particularly, FINRA alleged that Navarro took part in unauthorized private securities transactions and borrowed money from clients without firm approval.
Between May 2017 and March 2020, Navarro recommended and facilitated investments totaling $87,500 in an alternative energy company to five of his clients. He did this without obtaining prior written approval from his employers at LPL Financial and Independent Financial Group. After the company later filed for bankruptcy, investors did not recover their funds. Allegedly, Navarro falsely indicated in annual compliance filings that he did not engage in this activity. For this reason, he violated FINRA rules 2010 and 3280.
Additionally, FINRA found that Navarro borrowed $80,000 from two firm clients through his tax business, again without seeking firm consent. While he repaid the loans, his failure to disclose the loans and his misleading responses during FINRA’s investigation violated industry rules. Navarro initially provided partial information to FINRA but later corrected his testimony and disclosed full details. Therefore, he violated FINRA Rules 2010 and 3240.
Do you have questions or concerns about investments involving Jose Navarro? If so, touch base with Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney. Soreide Law Group helps recover losses for investors throughout the United States. Also, the firm works on a contingency fee basis and advances the costs. Navarro and the brokerage firms Navarro 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 […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com