Investors might have sustained losses due to securities broker Michael Vernon Biggs (also known as Mike Biggs) [CRD: 1697481, Clarksville, Tennessee], based on public information located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Biggs worked for Equitable Advisors LLC since January 18, 2008. Investors are encouraged to continue reading to find out more about the disclosures involving this securities broker.
Notably, a client of Equitable Advisors LLC contested Biggs’ sales practices, according to a complaint dated November 11, 2025. Allegedly, Biggs made misrepresentations concerning variable universal life insurance policies. It appears that Biggs allegedly caused the client to sustain damages connected to those life insurance products. As a result, the client sought compensation from Equitable Advisors LLC or Biggs in this matter. However, the firm denied this complaint.
Specifically, a client filed a complaint about Michael Biggs. Primarily, the client alleged that Biggs made unsuitable recommendations. Because of this, the client allegedly incurred damages associated with mutual funds. Therefore, on October 5, 2021, Equitable Advisors settled this matter by paying the client $125,000 in damages.
Particularly, a client filed a complaint about Michael Biggs. Mainly, the client alleged that Biggs made misrepresentations by indicating that an annuity carried a guaranteed interest rate, which influenced the client’s decision to invest. For this reason, the investor allegedly sustained damages pertaining to variable annuities. Consequently, on December 5, 2008, Wachovia Securities LLC settled this matter by paying the client $75,000 in damages.
Do you have concerns or questions regarding investments you made with Michael Biggs? You should contact Soreide Law Group at (888) 760-6552 or online and talk to a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for many clients throughout the US. Also, our securities attorneys work on a contingency fee arrangement and advance all costs. Biggs and brokerage firms Biggs worked for deny any 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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