Investors potentially experienced sales practice violations by securities broker Stephen Peter Melz [CRD: 1932994, West Newbury, Massachusetts], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Melz has been registered with Merrill Lynch since June 8, 2012. Investors are encouraged to continue reading to learn more about Melz’s disclosures.
Evidently, a client filed a complaint about Stephen Melz. Mainly, the client alleged that Melz made misrepresentations. For this reason, the client allegedly sustained damages linked to closed-end funds. Consequently, on June 3, 2025, Merrill Lynch settled this matter by paying the client $42,480 in damages.
Also, a client of Merrill Lynch contested Stephen Melz’s sales practices, according to a complaint. Allegedly, Melz misrepresented information about investing. It appears that Melz allegedly caused the client to sustain damages associated with closed-end funds. As a result, Merrill Lynch opted to settle the matter on April 23, 2025, by compensating the client in the amount of $43,470.
Specifically, on March 18, 2016, a Merrill Lynch client filed a complaint about Stephen Melz. Primarily, the client alleged that Melz made unsuitable recommendations, made misrepresentations and omissions, and engaged in unauthorized trading. Because of this, the client allegedly sustained damages related to structured products. Therefore, the client requested compensation from Merrill Lynch or Melz. However, the firm denied this complaint.
Do you need clarification on any investment losses relating to Stephen Melz? Contact Soreide Law Group at (888) 760-6552 or online and talk to 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 attorneys work on a contingency fee arrangement and advance all costs. Melz and brokerage firms Melz 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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