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July 13, 2018
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Blog, Current Investigations, Securities Fraud
Morgan Stanley – Failure to Supervise Advisor Barry Connell On June 29, 2018, the Securities and Exchange Commission announced that Morgan Stanley Smith Barney has agreed to pay a $3.6 million penalty and to accept certain undertakings for its alleged failure to protect against its personnel misusing or
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April 27, 2018
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Current Investigations, Securities Fraud
FINRA Arbitration Panel Awards Morgan Stanley for $6 M for Damages According to a FINRA award document, a FINRA arbitration panel has ordered former Morgan Stanley rep, Barry Connell, to pay the wirehouse $6 million in compensatory damages and interest. As we told you in November, Connell was arrested February
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November 2, 2017
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Blog, Current Investigations, Securities Fraud
FINRA orders Barry Connell to repay bonuses to Morgan Stanley According to reports, an FINRA arbitration panel has ordered Barry F. Connell, 51, to repay $300,000 of upfront bonuses owed to Morgan Stanley because of promissory notes he signed. Connell was registered with the firm in Ridgewood, New Jersey from 2008
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February 8, 2017
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Current Investigations, Securities Fraud
Concerned about Investment Losses with Barry Connell? On February 3, the SEC charged an investment adviser Barry Connell with stealing close to $5 million from client accounts. The SEC alleges that Connell initiated unauthorized wire transfers and issued checks to third parties to cover personal expenses. The SEC
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