One or more investors possibly experienced losses because of securities broker Michael Jeffrey Rea [CRD: 4768423, Williamsville, New York], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Rea has worked for Equitable Advisors LLC since May 15, 2007, as a broker and since May 16, 2008, as an investment adviser. Read below to learn more about the disclosures involving Rea and his activities as reported on BrokerCheck.
Notably, on June 24, 2025, an Equitable Advisors LLC client filed FINRA Arbitration No. 25-01129 about Michael Rea. The client alleged that Rea misrepresented three variable annuities between 2018 and 2023. Allegedly, he failed to disclose surrender charges and fees. The claim also alleged unsuitable advice. Consequently, the investor allegedly incurred damages. For this reason, the client requested $200,000 in compensation from Equitable Advisors LLC or Rea. This arbitration is pending a resolution.
Specifically, a client of AXA Advisors LLC disputed Michael Rea’s sales practices, according to a complaint. Allegedly, Rea omitted information about annuity contracts and failed to disclose contracts to the clients after purchases. It appears that Rea caused the clients to sustain damages linked to variable annuities. As a result, AXA Advisors LLC opted to settle the matter on March 7, 2012, by compensating the clients totaling $41,652.65.
Do you need clarification on any investment losses relating to Michael Rea? If so, contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group helps to recover losses for investors throughout the country. The firm also takes cases by a contingency fee arrangement and advances all costs. Rea and brokerage firms Rea worked for deny accusations referenced in public disclosures.
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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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