Christopher Babcock Barred from the Securities Industry After Allegedly Converting Investor Funds

Christopher Babcock is barred from the securities industry after claims that he converted his customers’ money by placing it in his own brokerage account or a brokerage account of a third-party after encouraging his customers to withdrawal money from their investment accounts and transfer that money to Babcock to be used for purported investment purposes.

From early 2009 through July 2010, while registered with Citigroup and then Morgan Stanley Smith Barney, Babcock received approximately $160,000 from customers to invest on their behalf, according to the Financial Industry Regulatory Authority (“FINRA”). However, Babcock never invested the funds as the customers expected and converted the funds to his own use and benefit, and in some instances, deposited the funds in his personal brokerage account or a third party’s personal brokerage account, according to FINRA.

Babcock consented to being barred from the securities industry by FINRA without admitting or denying FINRA’s claims.

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.

Alan Rosca (1225 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.