Markus Byrd: Did Milestone Advisor Recommend Unsuitable Investment?

A recent investor complaint against Dallas financial advisor Markus Byrd (CRD# 2177376) alleges that he provided unsuitable investment advice. Financial Industry Regulatory Authority records show that he is a broker with Kestra Investment Services and an investment advisor with Kestra Advisory Services, doing business as Milestone Group.

Mr. Byrd’s BrokerCheck report discloses one investor complaint. Filed in April 2023, it alleges that as a representative of Kestra Investment Services, he recommended an unsuitable investment. (More information about FINRA’s suitability rules is available here.) The pending complaint alleges unspecified damages estimated to be greater than $5,000.

According to the Financial Industry Regulatory Authority, Markus Byrd holds 31 years of securities industry experience. Based in Dallas, Texas, he has been a broker with Kestra Investment Services since 2014 and an investment advisor with Kestra Advisory Services since 2016, doing business as Milestone Group. His past registrations include NFP Advisor Services (Austin, Texas; 2014-2016), Invest Financial Corporation (Dallas, Texas; 2014 and 2003-2010), Ameriprise Financial Services (Dallas, Texas; 2010-2014), Veravest Investments (Dallas, Texas; 2000-2003), and American Express Financial Advisors (Minneapolis, Minnesota; 1991-1999). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Fund Securities Principal Examination, or Series 51; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Alaska, Arizona, California, Colorado, Florida, Iowa, Missouri, New Mexico, New York, North Carolina, Oklahoma, and Texas. (Information current as of June 3, 2023.)

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