Barry Connell—Stealing from Clients

Cleveland stockbroker fraud lawyerBarry Connell, a Former Morgan Stanley Wealth Manager, Allegedly Stole $5 Million from Clients and Purportedly Used Investor Funds on Personal Expenses Including Luxury Car, Private Jets and Country Club Memberships

Barry Connell, a former Morgan Stanley wealth manager, allegedly stole $5 million from clients and purportedly used investor funds on personal expenses, according to SEC Documents currently under review by attorneys Joe Peiffer and James Booker.

Peiffer Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Barry Connell’s alleged theft of client funds.

Investors who believe they may have lost money in activity related to Barry Connell’s alleged theft of client funds are encouraged to contact attorneys Joe Peiffer or James Booker with any useful information or for a free, no obligation discussion about their options.

Connell, 50, and a resident of Chester, New Jersey, was recently arrested in a Las Vegas suburb and is facing criminal charges of stealing about $5 million from clients, the SEC states. Connell has also been charged with alleged wire fraud and alleged aggravated identity theft, according to the office of U.S. Attorney Preet Bharara in Manhattan.

The SEC has also reportedly filed related civil charges against Connell, according to SEC Reports.

Connell allegedly used the aforementioned and allegedly stolen cash on private jets, luxury cars, and country club memberships, according to SEC Documents.

The Peiffer Wolf securities lawyers are currently investigating Barry Connell’s alleged theft of client funds.

Barry Connell Allegedly Stole Money from the Client Accounts of a Married Couple and Their Daughter; Connell Allegedly Made over 100 Unauthorized Transfers

Barry Connell, from December 2015 to November 2016, allegedly stole money from the client accounts of a married couple and their daughter from December 2015 to November 2016, according to the aforementioned SEC Documents presently being reviewed by attorneys Joe Peiffer and James Booker.

What is more, Connell allegedly made over 100 unauthorized transfers while purportedly telling his employer that he had client permission, according to Court reports from New Jersey.

It should also be clearly noted that Connell worked for a decade at UBS Group AG before signing with Morgan Stanley in 2008, according to Connell’s FINRA BrokerCheck Report.

It must also be stated that Morgan Stanley is not named in court papers, and that the bank was not accused of wrongdoing, the SEC notes.

Securities Lawyers Investigating

The Peiffer Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Barry Connell’s alleged theft of client funds. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Barry Connell’s alleged theft of client funds may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434 or via e-mail at or

Peiffer Wolf (1297 Posts)

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.