September 2017 – Pepper Pike, OH
According to publicly available records Michael J. O’Connor (CRD#5791343) , a former stockbroker who was most recently employed by Morgan Stanley , disclose a termination from employment and a regulatory event that resulted in his bar from the securities industry.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
O’Connor was employed by Morgan Stanley from 7/2010-2/2017. He was discharged in 1/2017 by Morgan Stanley who made the following allegation on O’Connor’s FINRA record: “Concerns related to timing of registered representative’s disclosure of his status of power of attorney and financial arrangement with client, who ultimately became his wife.”
Following his discharge from Morgan Stanley FINRA staff sent a request to O’Connor for on the record testimony pursuant to FINRA rule 8210. Through his counsel O’Connor acknowledged that he received the request and he would not appear for on the record testimony at any time. O’Connor agreed to a permanent bar from associating with any FINRA member in any capacity.
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