Investors apparently complained about securities broker Raymond Samuel Byers [CRD: 2590926, Mishawaka, Indiana], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Raymond Byers has worked for UBS Financial Services Inc. since January 29, 2009. Read on to discover more about the disclosures involving Raymond Byers.
Specifically, a UBS Financial Services Inc. client filed FINRA Arbitration No. 23-02292 about Raymond Byers. Mainly, the client alleged that Byers made unsuitable recommendations and misrepresentations involving a put options writing strategy from March 2020 through mid-2022 that allegedly caused principal losses. Because of this, the client allegedly suffered damages on options. Consequently, on May 29, 2024, UBS Financial Services Inc. settled this matter by paying the client $160,000.
Also, a client of UBS Financial Services Inc. contested Raymond Byers’s sales practices, according to a complaint dated February 6, 2012. Allegedly, Byers made misrepresentations involving fees and surrender charges connected to variable annuities. It appears that Byers allegedly caused the client to incur damages. Therefore, the client sought compensation estimated to exceed $5,000 in this matter. FINRA BrokerCheck reflects that the complaint was denied on March 9, 2012.
Do you need clarity on any investment losses relating to Raymond Byers? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for clients throughout the United States. Also, our securities lawyers handle cases on a contingency fee arrangement and advance all costs. Byers and brokerage firms Byers 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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