Soreide Law Group gives you an updated on securities broker Mark Stewart Brody (CRD#: 1475753, Melville, New York). Particularly, Brody has worked as a securities broker for Planned Financial Programs Inc. since 1990. Here is a summary of the BrokerCheck disclosures involving allegations of unsuitable transactions and misrepresentation.
Evidently, a Planned Financial Programs client disputed Mark Brody’s actions as a securities broker, according to a dispute dated August 20, 2020. Notably, Brody purportedly caused the client to face damages via his actions relating to common and preferred stock. The client alleges misrepresentation and failure to provide suitable investments. For this reason, the client agreed to settle their allegations with Planned Financial Programs, as the firm agreed to pay the client $55,000 in damages per a settlement on December 4, 2020.
Specifically, a client of Planned Financial Programs expressed concerns about Mark Brody’s sales practices, according to a dispute listed on BrokerCheck. Namely, the investor’s dispute against the securities firm alleges failure to monitor the account, unsuitable recommendations, and overconcentration. Consequently, the client alleges that Brody’s actions led to damages in connection with the client’s investments in a managed account. So, Planned Financial Programs opted to resolve this matter by paying the client $39,000 in damages, according to a settlement.
Did you suffer losses because of Mark Brody? You could touch base with Soreide Law Group at (888) 760-6552 and speak with an experienced securities lawyer about a possible recovery of your losses. Soreide Law Group takes clients’ cases on a contingency fee arrangement and advances all costs. The firm has recovered significant compensation for investors who have realized losses from their financial advisors or securities brokers. Please note that Brody denies the allegations of unreasonable sales practices.
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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