Investors potentially experienced sales practice violations due to securities broker Michael Anthony Elias [CRD: 1522834, Brentwood, California], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Elias worked for Packerland Brokerage Services Inc. from March 12, 2013, to December 31, 2018, before joining Centaurus Financial Inc. on January 2, 2019, where he remains registered today. Keep reading to find out more about Elias’s disclosures and what they may mean for investors.
Evidently, a Centaurus Financial Inc. client filed FINRA Arbitration No. 24-00752 about Michael Elias. Evidently, the client alleged that Elias breached his fiduciary duty and made unsuitable recommendations regarding bonds. As a result, on April 22, 2025, Centaurus Financial Inc. settled this matter by paying the client $42,000.00 in damages.
Also, a client of Centaurus Financial Inc. disputed Michael Elias’s sales practices by bringing FINRA Arbitration No. 23-00793. Allegedly, Elias recommended risky investments and misrepresented corporate bonds. It appears that Elias caused the client to sustain damages. For this reason, Centaurus Financial Inc. opted to settle the matter on January 8, 2024, by paying compensation totaling $18,500.00.
Centaurus Financial Inc. investor accused Michael Elias of unsuitable investment and misrepresentation. Specifically, a Centaurus Financial Inc. client filed FINRA Arbitration No. 23-00006 about Michael Elias. Mainly, the client claimed that Elias recommended an unsuitable investment and made misrepresentations. Because of this, the investor allegedly incurred damages connected to corporate bonds. Therefore, on April 30, 2024, Centaurus Financial Inc. settled this matter by paying the client $11,500.00 in damages.
Elias was discharged for using blank form and altering date. Evidently, Princor Financial Services Corporation disaffiliated with Elias on January 30, 2013. Allegedly, Elias used a signed blank client form and altered a document in connection with life insurance products.
Did you experience losses because of Michael Elias? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery. Soreide Law Group has recovered losses for clients located throughout the country. Also, the firm works on a contingency fee basis and advances all costs. Elias and brokerage firms Elias worked for deny allegations made against them.
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 […]
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