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Gerald O’Halloran-Union Capital Company Broker-Subject of Customer & Regulatory Complaints-Punta Gorda, FL

Gerald O’Halloran-Union Capital Company Broker-Subject of Customer & Regulatory Complaints-Punta Gorda, FL

Gerald O’Halloran-Union Capital Company Broker-Subject of Customer & Regulatory Complaints-Punta Gorda, FL 150 150 Rex Securities Law

Gerald J. O’Halloran Investigation

 

March 2022-Punta Gorda, Florida

The FINRA records of  Gerald J. O’Halloran,  a  previously registered stock broker who is currently employed by Union Capital Company and who was formerly employed by  Kovack Securities ,  disclose a prior regulatory event, 3 pending customer disputes, 7 prior customer disputes and 2 terminations from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In June 2018, the Florida Office of Financial Regulation filed an administrative complaint alleging that O’Halloran failed to observe high standards of commercial honor and equitable principles of trade and failed to report an outside business activity and timely update regulatory records. The complaint sought a bar from the securities industry and other relief. In 9/2018 O’Halloran was fined $4,000 and ordered to cease and desist.

O’Halloran’s  FINRA record discloses that in 2008 a customer of Kovack Securities awarded  over $76,000 by a FINRA arbitration panel to resolve allegations that O’Halloran made unauthorized trades in the customer’s account.

Five other customers were paid cash settlements to resolve allegations that O’Halloran mismanaged their accounts.

There are 3 currently pending customer disputes vs. O’Halloran, including:

  • FINRA Case 21-2588-customer of Kovack Securities and Union Capital Company seeks $100,000 alleging unsuitable investments and unauthorized trading.
  • Customer seeks recovery of $75,000 alleging that O’Halloran made unauthorized investments.

In 5/2000 O’Halloran was ‘permitted to resign” from A.G. Edwards for ‘improper handling of customer complaint’. In 9/1998 O’Halloran was discharged from Edward Jones & Co. for failure to comply with record keeping requirements. He was employed by Kovack Securities from 5/2004-3/2018 and has been employed by Union Capital company since 12/2018. He operates Daedalian Financial Services in Punta Gorda, FL.

If you have losses in an account handled by Gerald J. O’Halloran, call for a no charge consultation to discuss your options for recovery of damages.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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Florida-561 391 1900 

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