Investors apparently complained about securities broker Lester Hamrick [CRD: 5208155, Tallahassee, Florida], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hamrick has worked with MML Investors Services LLC at 259 John Knox Road, Tallahassee, Florida since June 8, 2020, as a broker and since June 12, 2020, as an investment adviser. Below, you can find out more the investor dispute involving unsuitable investment recommendations and potentially risky insurance strategies made by Hamrick.
Evidently, a client of MML Investors Services LLC contested Lester Hamrick’s sales practices by filing FINRA Arbitration No. 25-00028 on January 6, 2025. Allegedly, Hamrick made unsuitable recommendations given the client’s conservative investment objectives. Allegedly, Hamrick caused the client to sustain damages on life insurance products and exchange traded funds. Consequently, the client seeks compensation from MML Investors Services LLC or Hamrick in the amount of $100,000.01 in this ongoing matter.
Unsuitable investment advice typically occurs when a broker or financial advisor recommends products that are inappropriate for a client's individual financial situation, goals, and risk tolerance. Those recommendations could violate industry rules that require financial advisors to prioritize their clients' best interests.
Did you experience losses because of Lester Hamrick? You can get in touch with Soreide Law Group online or at (888) 760-6552 and speak to a securities attorney about a potential recovery of your losses. Soreide Law Group is experienced with recovering losses for investors throughout the country. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Hamrick and the firms Hamrick 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 […]
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