Investors Allege Beverly Connelly Failed to Supervise
Beverly Connelly (CRD #: 4576624), a broker registered with Merrill Lynch, Pierce, Fenner & Smith, allegedly failed to supervise, according to her BrokerCheck record, accessed on September 20, 2025. Read on if you have questions about her alleged conduct as a broker.
Investor Disputes
Disputes filed on May 29 and June 2, 2025, alleged that Beverly Connelly failed to supervise. Both disputes were denied by the firm.
However, investors should be aware that firms can deny disputes without an external review. Investors can still recover damages following a denial by pursuing FINRA arbitration.
FINRA Rule 3110
FINRA Rule 3110 requires that firms establish supervisory systems to ensure their compliance with securities regulations. Among other things, firms must appoint supervisors and ensure that they have adequate training or experience.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Background Information
Beverly Connelly has passed the following exams:
- General Securities Sales Supervisor – General Module Examination – Series 10
- General Securities Sales Supervisor – Options Module Examination – Series 9
- Securities Industry Essentials Examination – SIE
- National Commodity Futures Examination – Series 3
- General Securities Representative Examination – Series 7
- Uniform Combined State Law Examination – Series 66
Beverly Connelly is a registered broker in all 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands. She is also a registered investment adviser in Minnesota, North Dakota, South Dakota, Texas, and Wisconsin.
She has also worked for Wells Fargo Advisors (CRD#:19616).
Kurta Law Can Help
If you worked with Beverly Connelly and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.