Investors may have incurred losses due to securities broker Ramon Lynn Haile [CRD: 2010552, Hamilton, Texas], according to publicly available information reported on FINRA BrokerCheck. Haile has worked with Avantax Investment Services Inc. since December 18, 1989, and Avantax Advisory Services since November 16, 1990. Keep reading to understand more about the allegations reported about this broker’s conduct and pending dispute resolution.
Notably, on July 26, 2024, an Avantax Investment Services Inc. client filed FINRA Arbitration No. 24-01627 about Ramon Haile. Allegedly, Haile recommended an unsuitable direct investment (LP interest or DPP interest). Because of this, the investor supposedly sustained damages. As a result, the client requested damages in compensation from Avantax Investment Services Inc. or Haile. It appears that this arbitration is pending a resolution.
When a securities broker or financial advisor makes an unsuitable recommendations in direct participation program (DPP) or limited partnership (LP) interests, it generally means the advisor suggested investments that were not appropriate for the client’s financial needs, objectives, or risk tolerance. These types of investments are often illiquid and complex, which may make them unsuitable for some retail investors.
Did you experience losses because of Ramon Haile? Reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney about a possible recovery of your losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, the firm takes cases on a contingency fee basis and advances all costs. Haile and brokerage firms Haile 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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