Ted Byrer Of Morgan Stanley Suspended By FINRA For Unauthorized Trading

Investors potentially experienced sales practice violations by securities broker Theodore William Byrer (also known as Ted Byrer) [CRD: 2980696, Westfield, Indiana], and FINRA sanctioned him, according to information disclosed through FINRA BrokerCheck. Byrer worked for Morgan Stanley from November 11, 2013, to April 20, 2023, and International Assets Advisory LLC, from May 9, 2023, to September 17, 2024. Continue reading to learn more about Byrer’s disclosures.

FINRA Sanctioned Ted Byrer For Excessive And Unsuitable Recommendations

Specifically, on July 23, 2026, FINRA issued Case: 2023078559701 sanctioning Theodore Byrer. Specifically, Byrer was suspended from associating with any FINRA member in all capacities for 14 months. Notably, FINRA alleged that Byrer made unsuitable and excessive options recommendations, exercised discretion without written authorization, mismarked solicited trades as unsolicited, caused Morgan Stanley to maintain inaccurate records, and used unauthorized communication channels.

FINRA alleged that Byrer recommended more than 180 put-option trades for one married couple, resulting in almost $400,000 in losses and more than $62,000 in commissions. FINRA also alleged that another couple sustained more than $360,000 in options losses while the transactions generated more than $217,000 in commissions.

Additionally, FINRA alleged that Byrer exercised unauthorized discretion in at least 600 options trades across four accounts. The regulator also alleged that he exchanged more than 750 business-related text messages through his personal phone and made promissory or unwarranted statements to clients. Byrer accepted FINRA’s findings without admitting or denying them.

Theodore Byrer Subject Of Morgan Stanley Investor Arbitration About Unsuitable Advice

Also, a Morgan Stanley client disputed Byrer’s sales practices in Arbitration No. 24-00237. Allegedly, Byrer made unsuitable investment recommendations from January 2019 through August 2022. It appears that Byrer caused the client to sustain damages tied to investments. Morgan Stanley settled the dispute on February 1, 2024, for $215,000.

Morgan Stanley Investor Accused Ted Byrer Of Unsuitable Trading

Evidently, a Morgan Stanley client filed FINRA Arbitration No. 23-02959 about Theodore Byrer. Primarily, the client alleged that Byrer engaged in unsuitable trading by implementing an inappropriate investment strategy in the client’s account from 2017 through 2023. For this reason, the client allegedly requested $300,000 in compensation. Therefore, on September 13, 2023, Morgan Stanley settled this matter by paying the client $77,500.

Theodore Byrer Disclosed Unauthorized Trading Allegations By Morgan Stanley Investor

Additionally, a client of Morgan Stanley contested Theodore Byrer’s sales practices by filing a complaint. Allegedly, Byrer engaged in unauthorized trading involving various metals in the client’s account. It appears that Byrer caused the client to sustain damages. As a result, Morgan Stanley opted to settle the matter on September 6, 2023, by compensating the client in the amount of $20,000.

Are You Looking For More Information About Financial Advisor / Securities Broker Ted Byrer?

Do you need guidance on any investment losses relating to Theodore Byrer? You should contact Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney concerning a possible recovery of your investment losses. Soreide Law Group works on a contingency fee arrangement and advances all costs. Byrer and the brokerage firms he worked for deny allegations of sales practice violations.