Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Thomas Gerard Ley [CRD: 1127048, Toms River, New Jersey], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Thomas Ley joined Wells Fargo Clearing Services LLC and Wells Fargo Advisors on May 24, 2012. Below, you’ll find a summary of the securities broker’s disclosures.
Particularly, on March 25, 2024, a Wells Fargo Clearing Services LLC client filed FINRA Arbitration No. 24-00670 about Thomas Ley. Supposedly, Ley engaged in unauthorized trading. Therefore, the client requested approximately $15,000 in compensation from Wells Fargo Clearing Services LLC or Ley. Evidently, this arbitration is pending a resolution.
Particularly, a client of MSDW contested Thomas Ley’s sales practices, according to a complaint dated February 9, 2006. Allegedly, Ley engaged in unsuitable trading in her account resulting in losses to her portfolio. It appears that Ley allegedly caused the client to sustain damages on stocks. For this reason, the client sought damages from MSDW or Ley in the amount of $12,705.25 in this matter. However, the securities firm denied this dispute.
Also, an Oppenheimer Co. Inc. client filed NASD Arbitration No. 95-01808 about Thomas Ley. Mainly, the client alleged that Ley made unauthorized trades, made unsuitable recommendations, breached his fiduciary duty, and misrepresented investment information. Because of this, the client allegedly sustained damages on mutual funds and stocks. As a result, on August 7, 1996, an NASD Arbitration Panel issued an Award ordering Oppenheimer Co. Inc. and Ley to pay the client $65,000 in damages.
Suffer losses because of Thomas Ley? If so, contact Soreide Law Group online or at (888) 760-6552 and speak to a securities lawyer about a possible recovery of your investment losses. Soreide Law Group helps investors throughout the country, works on a contingency fee basis, and advances all costs. Ley and brokerage firms Ley 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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