Investors may have incurred losses due to securities broker Marcial A. Vargas [CRD: 5953263, Redwood City, California], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Marcial Vargas worked for Wells Fargo Clearing Services LLC from August 15, 2014, to June 30, 2022, and has worked with Ameriprise Financial Services LLC in Redwood City and San Francisco, California, since June 24, 2022. Keep reading to understand more about the securities broker’s disclosures.
Evidently, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration No. 24-01548 about Marcial Vargas. The client alleged that Vargas made unsuitable recommendations, breached a fiduciary duty, and made misrepresentations about investments between 2018 and 2022. For this reason, the client allegedly sustained damages. Therefore, on April 17, 2025, Wells Fargo Clearing Services LLC settled this matter by paying the client $30,000.00 in damages.
A misrepresentation allegation against a securities broker or financial advisor generally means the individual is accused of providing false or misleading information about an investment. This can include exaggerating potential returns, downplaying risks, or presenting important facts inaccurately to influence a client’s investment decision. Such actions may lead investors to make decisions they otherwise wouldn’t have, potentially resulting in substantial financial losses.
Did you experience losses because of Marcial Vargas? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney regarding a possible recovery recovery. Soreide Law Group is experienced with recovering losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Vargas and the firms Vargas 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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