Soreide Law Group is actively investigating potential claims on behalf of investors who have suffered financial losses potentially tied to securities broker Marinos Ballas (CRD: 2843677, Melville, New York). Notably, Ballas works for Aegis Capital Corp as of February 19, 2010. Evidently, Aegis Capital Corp clients alleged breach of fiduciary duty and negligence in disputes about Ballas.
Specifically, a client affiliated with Aegis Capital Corp filed FINRA Arbitration: 22-02715. Supposedly, Ballas breached fiduciary duties and displayed negligence. The client asserted that damages on alternative investments ranged from $100,000 to $200,000. On January 24, 2023, Aegis Capital Corp resolved the issue by settling the matter for $50,000. It appears that Ballas countered these allegations by stating that the client was making unfounded accusations.
Evidently, a client with Aegis Capital Corp challenged Marinos Ballas by filing FINRA Arbitration: 22-02221 on September 29, 2022. Specifically, the client alleged that Ballas engaged in a variety of unacceptable behaviors. This included breach of fiduciary duty, negligence, and negligent misrepresentation related to equity listed products. Also, Ballas refuted these allegations, asserting they were baseless. He further explained that the clients are highly experienced CPAs and that the complaint originated from their son, who has a record of lodging bad claims.
If you have invested with Marinos Ballas and suffered financial losses, you may have a viable claim for recovery. Specifically, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has successfully recovered money for investors throughout the United States, operates on a contingency fee basis, and fronts all costs. Ballas and the brokerage firms he has been affiliated with, notably Aegis Capital Corp, refute 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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