The securities fraud attorneys at Meyer Wilson are currently investigating
claims against former broker Michael J. Barranco (CRD# 4825738).
According to the Financial Industry Regulatory Authority (FINRA), former
LPL Financial LLC broker Michael Barranco (CRD# 4825738) has been suspended
from working in the securities industry for two years, and was fined $20,000
for his actions.
Barranco allegedly failed to provide proper notice to his firm while participating
in private securities transactions with three separate issuers between
2010 and 2015. According to FINRA, he was involved in nearly 40 private
securities transactions with 27 people who invested more than $3.5 million.
Most of the people involved with Barranco were customers of LPL Financial.
Without admitting or denying the findings, Barranco signed a Letter of
Acceptance, Waiver and Consent consenting to FINRA’s sanctions on
July 22, 2016.
Barranco was discharged from LPL Financial based out of Montgomery, AL
in November of 2015 after the firm discovered the alleged transgressions.
Before working there, he was employed by Raymond James Financial Services,
Inc. based out of Montgomery, AL.
If you lost money investing with former LPL Financial broker Michael Barranco,
contact the securities fraud attorneys today. We offer
free case consultations through our online form, and handle all of our cases on a contingency fee basis, so you won’t
owe us any legal fees unless we help you recover your losses. You can
also call us at (614) 705-0951 to schedule a meeting with one of our securities