Roger Gallagher: Broker Investigation
FINRA reportedly barred former Morgan Stanley broker Roger Albert Taft Gallagher (CRD#: 5513745) from the securities industry after he refused to cooperate with an investigation into a criminal indictment. Gallagher, who was allegedly fired by Morgan Stanley in 2024 over alleged third-party business dealings, was reportedly charged in August with two felony counts related to mail fraud and fictitious obligations. He pleaded not guilty.
According to AdvisorHub.com, Gallagher allegedly used a fraudulent $200,000 check to buy a Porsche SUV in April, reportedly instructing a dealership employee to contact him once it cleared despite knowing it was invalid. Gallagher allegedly had ties to multiple car-related businesses.
At Morgan Stanley, Gallagher was reportedly part of the Schwabacher Group, which managed $838 million in client assets. He agreed to FINRA’s findings without admitting or denying the allegations.
Roger Gallagher- FINRA Broker Check
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA.
According to his broker report, Roger Gallagher was reportedly registered with the Morgan Stanley in Purchase, New York from 12/14/2012 – 09/06/2024.
According to FINRA, Gallagher has reportedly been charged with Mail fraud (18 U.S.C & 1341) and Fictitious Obligations (18 U.S.C. & 514).
How to Recover your Investment Losses
A brokerage firm’s duty to supervise its advisors is a fundamental obligation under federal securities laws and FINRA rules. This duty is designed to protect investors.
If an advisor engages in misconduct, the firm can be held liable if it failed to detect or prevent the wrongdoing due to inadequate supervision. Firms that fail to supervise their advisors, can be held responsible for investment losses in a Financial Industry Regulatory Authority (FINRA) lawsuit.
Free Consultation
If you have suffered investment losses with Roger Gallagher and Morgan Stanley, the securities attorneys at the White Law Group may be able to help you by filing a FINRA lawsuit. Please call our offices at (888) 637-5510 for a free consultation. We take cases in all 50 states including New York.
National Securities Attorneys
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, Illinois and Seattle, Washington, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
Last modified: February 24, 2025
