Former UBS Broker, KENNETH STEWART TYRRELL Barred by FINRA

KENNETH STEWART TYRRELL (KEN TYRRELL) CRD#: 2457452 has been barred by the Financial Industry Regulatory Authority Inc (FINRA) for allegedly participating in eleven undisclosed private securities transactions and engaging in five undisclosed outside business activities.
According to FINRA's BrokerCheck, FINRA’s findings stated that KENNETH STEWART TYRRELL participated in private securities transactions totaling more than $13 million involving the client's investment in private equity and debt securities in companies in a variety of industries as part of the client's overall financial plan. Although Tyrrell was not compensated for these transactions, he participated in them by referring investments to the client, conducting due diligence and relaying his views on the transactions at the client's request, helping the client establish certain holding companies to make the investments, and facilitating transfers of funds from the client's firm accounts to the companies.
Also, FINRA’s findings alleged that KENNETH STEWART TYRRELL engaged in outside business activities without providing prior written notice to his firm. Between June 2013 and June 2016, Tyrrell caused approximately $498,000 to be transferred from the client's firm accounts to pay for goods and services on the client's behalf. In June 2016, the client raised questions about the concierge services company. Tyrrell returned approximately $130,000 to the client's firm accounts. FINRA’s findings also included that Tyrrell provided his firm with compliance questionnaires that failed to disclose his participation in the private securities transactions and outside business activities.
On FINRA’s BrokerCheck, KENNETH STEWART TYRRELL has 8 Disclosures, 3 of these Disclosures involve “Employment Separation after Allegations.” Tyrrell resigned from two firms after allegations “regarding private securities transactions, outside business activities and compliance certifications,” and was discharged from a firm, “because he had undisclosed outside activities and investments, failed to disclose conflict of interest involving his wife's business that serviced a client of the firm, and engaged in selling away, all in violation of firm policy.”
FINRA has barred KENNETH STEWART TYRRELL from acting as a broker or otherwise associating with a broker-dealer firm. According to FINRA’s BrokerCheck, which is available to the public, KENNETH STEWART TYRRELL had 23 years of experience in the securities industry and was with 7 firms, the two most recent listed below:
08/25/2016 - 10/06/2017 CARY STREET PARTNERS - RICHMOND, VA
11/14/2008 - 09/07/2016 UBS FINANCIAL SERVICES INC - VIENNA, VA
If you were a client of KENNETH STEWART TYRRELL formerly of UBS Financial and Cary Street Partner, both in Virginia, and you suffered losses due to his actions or recommendations, call Soreide Law Group for a no-cost consultation with an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group represents clients nationwide before FINRA on a contingency fee basis.