Investors might have sustained losses due to securities broker Valery Lynn Oswald (also known as Valery Lynn Sager and Valery Lynn Schollenbarger) [CRD: 1997347, Oklahoma City, Oklahoma], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Oswald worked for Raymond James Associates Inc. from January 10, 2014, to July 17, 2018. See the following information to find out more about the securities broker’s disclosures.
Particularly, on October 18, 2024, a Merrill Lynch Pierce Fenner Smith Incorporated client filed FINRA Arbitration No. 01-24-0008-2804 about Valery Oswald. The client alleged that Oswald breached her fiduciary duty, was negligent, and breached a contract. The client also accused Oswald of violating the Oklahoma Uniform Securities Act of 2004 and cited the legal doctrine of respondeat superior. Because of this, the client allegedly sustained damages on life insurance products. Therefore, the client requested $1,883,594.00 in compensation from Merrill Lynch or Oswald. Evidently, this arbitration is pending a resolution.
A breach of fiduciary duty occurs when a financial advisor or broker fails to act in the best interests of their client. Brokers have a legal obligation to recommend suitable investments, disclose all material facts, and avoid conflicts of interest. When a broker prioritizes their own gain or acts negligently—resulting in client losses—they may be found to have breached this duty. Allegations of fiduciary breaches are serious, as they call into question the broker’s loyalty, integrity, and professionalism in managing client investments.
Are you concerned regarding investments you made with Valery Oswald? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of investment-related losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Oswald and brokerage firms Oswald worked for deny any 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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