Investors potentially experienced sales practice violations due to securities broker Kirk Edward Klein [CRD: 2260326, Gainesville, Florida], according to public information on FINRA BrokerCheck. Evidently, Klein worked for Valmark Securities Inc. from January 13, 1999, to February 28, 2025. Keep reading to learn more about this securities broker’s disclosures.
A breach of fiduciary duty allegation involving promissory notes and direct investments (DPPs and LPs) generally means that a securities broker or financial advisor may have failed to act in the best interests of their clients. Advisors have a legal and ethical responsibility to recommend investments that are suitable, properly researched, and aligned with a client’s goals and risk tolerance. When brokers prioritize their own compensation or fail to perform adequate due diligence on promissory notes or direct investment programs, investors can experience significant losses. Such allegations often involve claims of negligence, misrepresentation, or unjust enrichment.
Particularly, on June 3, 2025, a Valmark Securities Inc. client filed Civil Action No. 01 2025 CA 001683 about Kirk Klein. The client alleged that Klein breached his fiduciary duty, made negligent misrepresentations, acted with gross negligence, and was unjustly enriched. Because of this, the client allegedly sustained damages related to investments involving no specific product. Consequently, the client requested $100,000,000 in compensation from Valmark Securities Inc. or Klein. Evidently, this civil suit is pending a resolution in the Circuit Court of the Eighth Judicial Circuit, Alachua County, Florida.
Are you concerned regarding investments you made with Kirk Klein? You should contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer concerning a potential recovery of your investment losses. For years, Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Klein and brokerage firms Klein 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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