Roger Gallagher Barred by FINRA for Alleged Refusal to Provide Documents

Roger Gallagher (CRD #: 5513745), a broker formerly registered with Morgan Stanley, has been barred by FINRA and is the subject of criminal charges, according to his BrokerCheck record, accessed on March 18, 2025. Read on to learn more about his alleged conduct as a broker.

Bar by FINRA

On February 19, 2025, Roger Gallagher consented to the entry of findings that he allegedly refused to provide FINRA with documents and information and refused to appear for on-the-record testimony.

A Letter of Acceptance, Waiver & Consent (AWC) alleged that FINRA was investigating allegations made in a criminal indictment filed against Roger Gallagher.

The AWC concluded that these alleged refusals constituted violations of FINRA Rules 8210 and 2010.

FINRA Rule 8210

FINRA Rule 8210 requires members to supply records, information, and testimony upon request by FINRA.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

FINRA permanently barred Roger Gallagher on February 19, 2025. You can read the full AWC here.

Termination from Morgan Stanley

On August 9, 2024, Roger Gallagher was fired from Morgan Stanley following allegations that he participated in financial arrangements with a possible third-party service provider that were not disclosed to the firm.

Criminal Charges

On August 7, 2024, charges of mail fraud and fictitious obligations were entered against Roger Gallagher. These charges are currently pending.

Investor Dispute

On March 10, 2021, an investor alleged that Roger Gallagher made a misrepresentation in connection with a recommendation to sell shares. This dispute was denied by the firm.

However, investors can still seek out FINRA arbitration and may be able to recover their losses even if a firm denies their dispute.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent methods to influence the purchase or sale of securities. The misrepresentation or omission of information relating to investments, such as their potential returns, risks, or fees, violate this rule.

Background Information

Roger Gallagher has passed the following exams:

• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Combined State Law Examination – Series 66

He previously worked for Morgan Stanley (CRD#:149777).

Kurta Law Can Help

If you worked with Roger Gallagher 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.