Barry Larkin Fined and Suspended in Connection with Relationship with Global Financial News Network

New Orleans investment fraud attorneyBarry Larkin, formerly associated with BGC Financial, L.P., was fined and suspended from the securities industry relating to Larkin’s outside business activities.

Larkin Engaged in Outside Business Activities

Larkin engaged in outside business activities with Global Financial News Network (“GFNN”) while employed by BGC Financial, according to FINRA. GFNN provides general market commentary, securities information, and analytics software, including a software product known as Storm Algorithm Suite, according to FINRA. Specifically, Larkin engaged in marketing activities on behalf of GFNN and received $25,500 in compensation and expense reimbursement from GFNN without obtaining prior written approval from BGC Financial, according to FINRA.

In May 2011, Larkin entered into an oral agreement with GFNN, then known as Newsgrade, in which Larkin agreed to market GFNN and its product, Storm Algorithm Suite, to members of the securities industry, according to FINRA. Pursuant to this agreement, Larkin received access to GFNN’s proprietary software and presented demonstrations of Storm Algorithm Suite to BGC Financial’s registered representatives, as well as other members of the securities industry, according to FINRA.

Larkin consented to a $5,000 fine and a 45-day suspension from the securities industry without denying or admitting FINRA’s findings.

Investment Fraud Lawyers Investigating

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Barry Larkin

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

phil korosec (1252 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.