Investors might have sustained losses due to securities broker Kenneth Thomas Shotsberger (also known as Ken Shotsberger) [CRD: 6186517, Deerfield, Illinois], according to publicly available information on FINRA BrokerCheck. Notably, Kenneth Shotsberger worked for Equitable Advisors LLC from September 8, 2017 to April 29, 2024. Keep reading to find out more about the securities broker’s disclosures.
Particularly, on April 24, 2025, an Equitable Advisors LLC client filed a complaint about Kenneth Shotsberger. Specifically, the client alleged that Shotsberger made misrepresentations related to a variable life insurance policy replacement. For this reason, the client allegedly sustained damages. Consequently, the client requested $5,000 in compensation from Equitable Advisors LLC or Shotsberger. However, the firm denied this dispute.
Notably, Equitable Advisors LLC disaffiliated with Shotsberger on April 23, 2024. Allegedly, Shotsberger failed to disclose outside business activities. Basically, these activities refer to any business or financial activities that a registered broker or investment adviser engages in outside their primary employment with a securities brokerage firm. These activities must be disclosed to and often approved by the firm in writing to ensure compliance with regulations and to prevent conflicts of interest.
Do you have questions or concerns about investments you made through Kenneth Shotsberger? If so, contact Soreide Law Group online or at (888) 760-6552 and consult with a securities lawyer. Soreide Law Group helps recover losses for investors throughout the United States. Also, the firm takes investor cases on a contingency fee basis and advances the costs. Shotsberger and brokerage firms Shotsberger 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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