Investors might have suffered losses due to securities broker Michael Joseph Kelley [CRD: 1021878, Winter Park, Florida], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kelley worked for LPL Financial LLC from September 8, 2009, to the present and Charter Advisory Corporation from September 30, 1999, to the present. See below to learn more about the disclosures involving Michael Kelley.
Also, an LPL Financial LLC and Charter Advisory Corporation client filed FINRA Arbitration No. 24-00468 about Michael Kelley. Primarily, the client alleged that Kelley made unsuitable recommendations and misrepresentations involving fees and investment products during the period from 2003 through 2023. For this reason, the client allegedly experienced damages on variable annuities and mutual funds. As a result, on August 26, 2025 LPL Financial LLC or Charter Advisory Corporation settled this matter by paying the client $300,000.
Particularly, a client of Mutual Service Corporation contested Michael Kelley’s sales practices, according to a complaint dated November 10, 2003. Allegedly, Kelley made unsuitable recommendations involving the exchange of a Lincoln Benefit annuity into a John Hancock annuity. It appears that Kelley allegedly caused the client to experience damages on variable annuities. Consequently, the client sought compensation from Mutual Service Corporation or Kelley in the amount of $25,193 in this matter. However, the firm denied this complaint.
Are you concerned about investments you made through Michael Kelley? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for individuals throughout the US. Also, our securities lawyers represent investors on a contingency fee arrangement and advance all costs. Kelley and brokerage firms Kelley worked for deny accusations of sales practice violations.
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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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