Soreide Law Group can help individuals with financial losses because of Spartan Capital Securities LLC's Murat Kartal (also known as Marc Kartal) [CRD#: 6346419, New York, NY]. Murat Kartal received a FINRA suspension due to unsuitable and excessive trading in a client's account.
Evidently, on July 17, 2023, FINRA issued Case: 2018056490306. Notably, FINRA alleged that Kartal engaged in trading that was not suitable. It was also allegedly excessive for the client's needs.
Kartal supposedly managed a client's account in a way that did not match the client's financial situation. This trading ultimately led to losses. Notably, Kartal's trading approach caused the client to incur over $206,000 in total trading costs, which included $189,446 in commissions, and the client suffered $51,959 in losses.
Also, the client often followed his recommendations, which supposedly resulted in frequent trading that did not match up with the client's age and investment profile. For this reason, FINRA issued a suspension for ten months. FINRA often punishes brokers for inappropriate trading.
Did you experience losses because of Murat Kartal? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Kartal and brokerage firm Spartan Capital Securities LLC 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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