The securities fraud attorneys at Meyer Wilson are currently investigating
claims against former broker and investment adviser Barry Connell (CRD# 3070984).
According to the Financial Industry Regulatory Authority (FINRA), former
Morgan Stanley broker and investment adviser Barry F. Connell’s
(CRD# 3070984) has been the subject of three customer disputes since 2008,
one of which is currently pending.
Connell was discharged by his former firm, Morgan Stanley, on November
10, 2016 after he allegedly transferred and withdrew funds from customer
accounts without authorization, apparently for his own benefit. The United
States Securities and Exchange Commission (SEC) filed a complaint against
Connell after he allegedly misappropriated $5 million from his clients
between December of 2015 and November of 2016. During this time, he allegedly
made over 100 unauthorized transactions after falsely claiming that he
received verbal confirmation from clients.
In their complaint, the SEC stated that:
“Unless Connell is permanently restrained and enjoined, he will again
engage in the acts, practices, transactions and courses of business set
forth in this Complaint and in acts, practices, transactions and courses
of business of similar type and object.”
Prior to his termination, Connell was registered with Morgan Stanley and
worked out of Ridgewood, New Jersey.
Contact the securities fraud attorneys at Meyer Wilson today if you lost
money investing with former Morgan Stanley broker and investment adviser
Barry Connell. Our firm has recovered more than $350 million in verdicts
and settlements for our clients since we first opened our doors nearly
20 years ago, and are committed to providing the highly experienced and
knowledgeable legal representation for as long as victims of fraud require
Fill out our online form to request a free case evaluation, or call us at one of our four office locations to speak with a member
of our firm today.