Richard Dean Connally (CRD #2570561, Ellsworth, Kansas)

October 3, 2024 – An AWC was issued in which Connally was assessed a deferred fine of $7,500 and suspended from association with any FINRA member in all capacities for one year. Without admitting or denying the findings, Connally consented to the sanctions and to the entry of findings that he forged or falsified customer signatures on hundreds of insurance account documents while working both as a registered representative for his member firm and as an insurance agent for an affiliated life insurance company. The finding stated that these documents included insurance applications, money movement forms, change of beneficiary requests, policy service requests, and various verification forms submitted to the insurance company. The transactions and services requested in these documents were authorized by the customers, and none of the customers complained. Connally also falsely attested on annual compliance questionnaires that he complied with the firm’s policy prohibiting him from signing a customer’s name to any document. The suspension is in effect from October 7, 2024, through October 6, 2025. (FINRA Case #2022076895001) If you have suffered losses as a result of Richard Dean Connally's act and/or actions, we would like to hear from you. We are currently investigating claims on behalf of clients who have suffered significant losses in their portfolios that are managed by Richard Dean Connally. The Schwartz Law Firm represents investors in claims against financial advisors and their firms. If you have questions about your potential claim or need assistance from an investment fraud lawyer, please contact us at 866-618-0545 or email Matthew Schwartz directly at mschwartz@tslfirm.com.