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Meyer Wilson Investigating Claims Against Former Broker Michael Barranco

The securities fraud attorneys at Meyer Wilson are currently investigating claims against former broker Michael J. Barranco (CRD# 4825738).

According to the Financial Industry Regulatory Authority (FINRA), former LPL Financial LLC broker Michael Barranco (CRD# 4825738) has been suspended from working in the securities industry for two years, and was fined $20,000 for his actions.

Barranco allegedly failed to provide proper notice to his firm while participating in private securities transactions with three separate issuers between 2010 and 2015. According to FINRA, he was involved in nearly 40 private securities transactions with 27 people who invested more than $3.5 million. Most of the people involved with Barranco were customers of LPL Financial.

Without admitting or denying the findings, Barranco signed a Letter of Acceptance, Waiver and Consent consenting to FINRA’s sanctions on July 22, 2016.

Barranco was discharged from LPL Financial based out of Montgomery, AL in November of 2015 after the firm discovered the alleged transgressions. Before working there, he was employed by Raymond James Financial Services, Inc. based out of Montgomery, AL.

If you lost money investing with former LPL Financial broker Michael Barranco, contact the securities fraud attorneys today. We offer free case consultations through our online form, and handle all of our cases on a contingency fee basis, so you won’t owe us any legal fees unless we help you recover your losses.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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