Last Updated: November 2023 (Punta Gorda, FL)
Gerald O’Halloran Investigation Summary
Here’s what you need to know about Punta Gorda, FL, stockbroker Gerald O’Halloran:
- Name: Mr. Gerald James O’Halloran
- Current Employer: Union Capital Company
- DBA: Daedalian Financial Services
- Previous Firms: Kovack Securities Inc.
- Function: Stock Broker/ Financial Advisor
- Aliases: James O’Halloran
- Primary Location: Punta Gorda, FL
- CRD 1056697
- Can James O’Halloran be sued in FINRA arbitration: Yes
- Sanctioned by Securities Regulator: Yes
- Terminated by prior employers: Yes
- Highest Settlement or Award: $76,565
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gerald O’Halloran As Your Stockbroker?
In 9/2018 The Florida Office of Financial Regulation fined James O’Halloran $4,000 for failing to observe high standards of commercial honor and equitable principles of trade and for failing to report an outside business activity.
IN 2008 a customer of Kovack Securities tried a FINRA arbitration alleging that Gerald O’Halloran made unauthorized trades in her account. The arbitration panel ruled in favor of the customer and awarded damages of $76.565.
O’Halloran discloses 7 other customer complaints that were settled. Alleged wrongdoing includes unsuitable recommendations, unauthorized trading, high risk investments, breach of fiduciary duty and negligence. A total of more than $165,000 was paid to resolve these cases.
O’Halloran was discharged from Edward Jones in 1998 for unapproved use of communication and permitted to resign from A. G. Edwards in 2000 for improper use of customer communication.
Allegations of Broker Misconduct Against Gerald O’Halloran
Customers of James O’Halloran have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Unauthorized Trading
- Unsuitable high risk investments
- Omission of material facts
- Breach of Fiduciary Duty
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by James O’Halloran, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
