One or more investors possibly experienced losses due to securities broker Thaddaeus Daniel Allen [CRD: 5644772, Topeka, Kansas], according to disclosures on FINRA BrokerCheck. Notably, Allen worked for Edward Jones from April 14, 2009 to August 15, 2022, and is currently registered with Smith Moore Co. as of August 12, 2022. Keep reading to find out more about the complaints involving this broker’s handling of investment accounts.
Specifically, a client filed a complaint about Thaddaeus Allen. Evidently, the client alleged that Allen engaged in unauthorized transactions relating to an investment in gold. As a result, the client allegedly sustained damages connected to miscellaneous investments. Therefore, on January 2, 2025, Edward Jones settled this matter by paying the client $104,000.00 in damages.
Notably, a client of Edward Jones disputed Thaddaeus Allen’s sales practices, according to a complaint. Allegedly, Allen made unsuitable recommendations by placing funds in risky securities when the funds would be needed for a home purchase. It appears that Allen caused the client to sustain damages linked to mutual funds. So, Edward Jones opted to settle the matter on April 19, 2022, by compensating the client in the amount of $7,802.82.
Do you have questions or concerns about investments you made through Thaddaeus Allen? If so, contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer. For years, Soreide Law Group has recouped losses for investors throughout the USA. Also, the firm takes investor cases on a contingency fee basis and advances the costs. Allen and brokerage firms Allen 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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