Investors potentially experienced sales practice violations due to securities broker Michael Christopher Rudio [CRD: 6322313, Atlanta, Georgia], according to public information on FINRA BrokerCheck. Rudio has worked for Purshe Kaplan Sterling Investments since August 11, 2021, and for Phase Line Capital LLC since July 12, 2021. Previously, he worked with LPL Financial LLC from August 2017 to August 2021. Read below to learn more about the disclosures connected to Rudio’s activities.
Evidently, on April 23, 2025, an LPL Financial LLC client filed FINRA Arbitration No. 25-00161 about Michael Rudio. Mainly, the client alleged that Rudio recommended unsuitable investments and breached his fiduciary duty. Consequently, the investor allegedly incurred damages on structured products. Therefore, the client requested damages believed to be over $5,000 in compensation from LPL Financial LLC or Rudio. This arbitration is pending a resolution.
Additionally, a client of LPL Financial LLC contested Michael Rudio’s sales practices by bringing FINRA Arbitration No. 23-03650. Allegedly, Rudio made unsuitable recommendations involving structured products, resulting in damages. As a result, LPL Financial LLC opted to settle the matter on January 20, 2025, by paying $18,500.
Did you experience losses because of Michael Rudio? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities lawyer regarding recovering your investment losses. For more than a decade, Soreide Law Group has recovered losses for investors throughout the country. The firm also takes cases through a contingency fee arrangement and advances all costs. Rudio and brokerage firms Rudio 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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