Investors apparently complained about securities broker Phillip Wayne Jones [CRD: 2445213, Houston, Texas], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Jones worked for Merrill Lynch beginning on February 1, 1994, as a broker, and has also been registered with the firm as an investment adviser since February 23, 1994. Investors should continue reviewing the information below to discover more about the disclosures associated with Jones’s professional record.
Notably, on July 10, 2025, a Merrill Lynch client filed FINRA Arbitration No. 25-01422 concerning Phillip Jones. Primarily, the client alleged that Jones made unsuitable recommendations and misrepresentations, along with omissions of material information. For this reason, the client allegedly sustained damages involving mutual funds and structured products. Consequently, the client requested $5,000,000 in compensation from Merrill Lynch or Jones. It appears that this arbitration remains pending a resolution.
Also, a client of Merrill Lynch contested Phillip Jones’s sales practices by filing FINRA Arbitration No. 23-03621. Allegedly, Jones made omissions and unsuitable investment recommendations, and also misrepresented material information. It appears that Jones allegedly caused the client to incur damages related to structured products. Therefore, Merrill Lynch opted to settle the matter on July 25, 2025, by paying the client $2,750,000.
Do you have concerns or questions regarding investments you made with Phillip Jones? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Jones and brokerage firms Jones worked for deny allegations 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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