Investors apparently complained about securities broker Lino J. Gutierrez (also known as Joe Gutierrez and Lino M. Gutierrez) [CRD: 5527598, Stuart, Florida], according to public information on FINRA BrokerCheck. Evidently, Gutierrez worked for Merrill Lynch from June 29, 2017, to May 1, 2025, and for Wells Fargo Clearing Services LLC from August 9, 2013, to July 6, 2017. Continue reading to discover more about the disclosures involving Gutierrez.
Notably, on September 17, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-01976 about Lino Gutierrez. Primarily, the client alleged that Gutierrez made unsuitable recommendations and misrepresentations of material fact. Because of this, the client allegedly sustained damages associated with variable annuities and stocks. Consequently, the client requested $200,000 in compensation from Merrill Lynch or Gutierrez. It appears that this arbitration is pending a resolution.
Notably, a client of Merrill Lynch disputed Lino Gutierrez’s sales practices by filing FINRA Arbitration No. 24-01904 on September 4, 2024. Allegedly, Gutierrez did not act in the client’s best interest in 2020. It appears that Gutierrez caused the client to sustain damages. Therefore, the client seeks compensation from Merrill Lynch or Gutierrez in the amount of $1,000,000 in this ongoing matter.
Do you need clarification on any investment losses relating to Lino Gutierrez? 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. Gutierrez and brokerage firms Gutierrez 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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