Meyer Wilson Investigating Claims Against Former Broker Barry Connell
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 our assistance. 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.