Michael Farrell Named in Dispute Alleging Failure to Supervise

Michael Farrell (CRD #: 2572550), a broker registered with Morgan Stanley, is involved in a pending dispute, according to his BrokerCheck record, accessed on April 20, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On March 16, 2023, several investors filed a dispute alleging that Michael Farrell’s firm failed to supervise his management of their accounts from 2019-2022. They seek $50,000 in damages in this pending dispute.

FINRA Rule 3110

Failure to supervise violates FINRA Rule 3110, which requires that firms establish supervisory systems to ensure their compliance with securities regulations. Firms must ensure that supervisory personnel have the training or experience necessary for their role.

Background Information

Michael Farrell has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 3 – National Commodity Futures Examination
• Series 31 – Futures Managed Funds Examination
• Series 7 – General Securities Representative Examination
• Series 10 – General Securities Sales Supervisor – General Module Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination

Michael Farrell is a registered broker in all 50 states as well as the District of Columbia, Puerto Rico, and the Virgin Islands. He is also a registered investment adviser in Connecticut, New York, and Texas.

He has also worked for the following firms:

• UBS Financial Services (CRD#:8174)
• Citigroup Global Markets (CRD#:7059)
• Prudential Securities (CRD#:7471)
• PaineWebber (CRD#:8174)
• Kidder, Peabody & Company (CRD#:7613)

Kurta Law Can Help

If you worked with Michael Farrell 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 and 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.