Investors apparently complained about securities broker Yilun Liu (also known as Tom Liu) [CRD: 6834194, Irvine, California], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Liu joined Morgan Stanley on July 22, 2022. Prior to that, Liu worked at Wells Fargo Clearing Services LLC in Irvine, California, as both a securities broker and financial advisor from October 3, 2017 to July 27, 2022. Read on to learn more about the client dispute and allegations disclosed on BrokerCheck.
Notably, on April 30, 2025, a Morgan Stanley client filed FINRA Arbitration No. 25-00872 about Yilun Liu. Mainly, the client alleged that Liu made faulty recommendations about an investment strategy. Supposedly, this strategy was not in the client’s best interests. As a result, the client allegedly experienced damages connected to structured products and options. Thus, the client requested $640,000 in compensation from Morgan Stanley or Liu. Evidently, this arbitration is pending a resolution.
Unsuitable trading refers to a situation in which a securities broker or financial adviser recommends or executes trades that do not align with a client’s investment objectives, risk tolerance, or financial profile. Brokers have a duty to ensure their advice serves the client’s best interests and must evaluate each client’s individual situation before recommending complex or risky investments like options or structured products. Failing to meet this obligation can lead to significant investor losses.
Do you need clarification on any investment losses relating to Yilun Liu? You can reach out to Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee arrangement and advances all costs. Liu and brokerage firms Liu 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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