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Morgan Stanley Financial Advisor Barry Connell Arrested for Stealing more than $5 million from Client Accounts

On January 3, 2017, Preet Bharara, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that former Morgan Stanley financial advisor Barry Connell had been arrested and charged with wire fraud […]

Morgan Stanley Fined by FINRA

The Financial Industry Regulatory Authority fined Morgan Stanley & Co. and Morgan Stanley Smith Barney LLC $1 million for allegedly charging excessive markups and markdowns on corporate and municipal-bond transactions. The Morgan Stanley units were also ordered to pay customers $371,000 in restitution and interest, the regulator said.  Finra alleged Morgan Stanley charged markups and markdowns […]