Soreide Law Group is currently investigating the following Vertical Funds and exploring the possibility of bringing a FINRA arbitration action against the stock brokers for investors who have experienced losses with the following funds:
Vertical Recovery Management, LLC
Vertical Mortgage Fund I, LLC
Vertical US Recovery Fund, LLC
Vertical U.S. Recovery Fund II, LLC
.
On September 9, 2015, Vertical Mortgage Fund I, LLC, Vertical US Recovery Fund LLC and Vertical U.S. Recovery Fund II, LLC commenced General Assignments (“Assignment”) as provided for under California Law to Development Specialists, Inc., solely in its capacity as Assignee for the benefit of creditors (“Assignee”) of those respective entities. The General Assignment for the Benefit of Creditors process is similar to liquidations administered under Chapter 7 of the United States Bankruptcy Code; however, California state law controls rather than federal bankruptcy law. California law provides the Assignee the rights of a lien creditor, ensuring that the Fund’s creditors and members positions are preserved in the same priority they had at the moment immediately preceding the making of the Assignment. California and federal courts have recognized the effectiveness of the general assignment law and process since the early 1900’s.
If your broker overly concentrated your portfolio with these Vertical Funds which were unsuitable for your investment goals and you feel your broker or financial advisor misrepresented the risks for your otherwise conservative portfolio, call Soreide Law Group for a no-cost consultation with a securities lawyer on the possibility of recovering your losses at: 888-760-6552.
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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