One or more investors possibly experienced losses due to securities broker Patrick Morehead [CRD: 6661646, Los Angeles, California], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Specifically, Morehead worked for American Trust Investment Services Inc. from January 27, 2020 to September 14, 2020, and with WestPark Capital Inc. from November 14, 2017 to January 27, 2020. Below, you can find out more about the allegations tied to Morehead’s conduct.
Notably, on May 13, 2025, a WestPark Capital client filed FINRA Arbitration No. 25-00885 about Patrick Morehead. Mainly, the client alleged that Morehead breached his fiduciary duty, breached a contract, was negligent, and violated the California securities laws. For this reason, the client allegedly experienced damages linked to direct investments and leveraged exchange traded funds. Consequently, the client requested $400,000 in compensation from WestPark Capital or Morehead. Evidently, this arbitration is pending a resolution.
Unsuitable alternative investments—such as those involving direct investments or leveraged ETFs—are products that do not align with a client’s investment profile. These alternatives tend to be complex, risky, and illiquid, and may expose investors to large losses if they’re not properly advised. Brokers must ensure that such investments match a client’s risk tolerance, financial needs, and objectives. If they fail to do so, they may be held accountable for resulting losses.
Did you experience losses because of Patrick Morehead? You can contact Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm works on a contingency fee arrangement and advances all costs. Morehead and brokerage firms Morehead 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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