Theodore Byrer Fired from Morgan Stanley for Alleged Unauthorized Trading
Theodore Byrer (CRD #: 2980696), a broker formerly registered with Morgan Stanley, was fired from the firm following allegations of misconduct, according to his BrokerCheck record, accessed on May 9, 2023. Read on if you want to know more about his alleged conduct as a broker.
Termination from Morgan Stanley
On March 23, 2023, Theodore Byrer was fired from Morgan Stanley following allegations that he executed client transactions without receiving verbal confirmation and engaged in off-platform written communications about firm business.
FINRA Rule 3260
FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
On March 15, 2022, Theodore Byrer filed for bankruptcy.
On June 12, 2018, a bankruptcy was dismissed.
Theodore Byrer has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 31 – Futures Managed Funds Examination
- Series 7 – General Securities Representative Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
- Series 26 – Investment Company Products/Variable Contracts Principal Examination
He previously worked for the following firms:
- Morgan Stanley (CRD#:149777)
- Raymond James & Associates (CRD#:705)
- A. G. Edwards & Sons (CRD#:4)
- PFS Investments (CRD#:10111)
Kurta Law Can Help
If you worked with Theodore Byrer and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.