Investors potentially experienced sales practice violations by securities broker Markus Gracen Byrd [CRD: 2177376, Dallas, Texas], given the publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Byrd worked for Kestra Investment Services LLC from February 21, 2014, to April 15, 2024. See below to find out more about Byrd’s disclosures.
Notably, on March 16, 2026, a Kestra Investment Services LLC client filed FINRA Arbitration No. 26-00557 about Markus Byrd. Mainly, the client alleged that Byrd made unsuitable recommendations. Because of this, the client allegedly incurred damages tied to direct investments. Consequently, the client requested more than $5,000 in compensation from Kestra Investment Services LLC or Byrd. BrokerCheck indicates that this arbitration is ongoing.
Also, a client of Kestra Investment Services LLC contested Byrd’s sales practices by filing FINRA Arbitration No. 26-00470 on February 27, 2026. Allegedly, Byrd engaged in discretionary trading, made unsuitable recommendations, and made misrepresentations concerning an exchange-traded product. The client also alleged that the investment was held longer than appropriate and that statements about its performance and characteristics were inaccurate. It appears that Byrd allegedly caused the client to sustain damages. Therefore, the client seeks compensation from Kestra Investment Services LLC or Byrd in this ongoing matter.
Evidently, a Kestra Investment Services client filed FINRA Arbitration No. 24-01666 about Markus Byrd. Primarily, the client alleged that Byrd made unsuitable recommendations and misrepresentations. For this reason, the client allegedly experienced damages associated with ETNs. As a result, on November 13, 2025, Kestra Investment Services settled this matter by paying the client $3,300,000.
Specifically, a client of Kestra Investment Services contested Byrd’s sales practices by filing FINRA Arbitration No. 24-00388. Allegedly, Byrd made unsuitable recommendations to the client. It appears that Byrd allegedly caused the client to sustain damages connected to direct investments. Consequently, Kestra Investment Services agreed to settle the matter on February 14, 2025, by compensating the client in the amount of $65,000.
Do you need guidance on any investment losses relating to Markus Byrd? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Byrd and brokerage firms Byrd 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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