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Gerald O’Halloran Of Union Capital Company And Formerly With Kovack Securities Inc. Has 11 Customer Complaints For Alleged Broker Misconduct

Who is Gerald O’Halloran of Union Capital Company?

Gerald O’Halloran (CRD #1056697) who is currently registered with Union Capital Company and located in Punta Gorda, Florida, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to Union Capital Company, Gerald O’Halloran was associated with Kovack Securities Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Gerald O’Halloran Customer Complaints

Gerald O’Halloran has been the subject of11 customer complaints that we know about to recover investment losses. One of the customer complaints or unauthorized transactions went to arbitration and award was entered in favor of the customer. Six of the customer complaints were settled in favor of investors. 2 of the customer complaints were denied and today, the customers of not taking any further action. There are 2 other customer complaints listed as pending.

Allegations Against Gerald O’Halloran

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unauthorized transactions involving reinvestment of proceeds from a bond that was redeemed.
  • Unauthorized transactions in mutual funds.
  • Unauthorized transactions in bonds which resulted in an arbitration award in favor of the customer.
  • Unsuitable recommendation of variable annuity.
  • Unsuitable recommendations of high risk investments.
  • Negligence, misrepresentation, omission of a material fact, breach of fiduciary duty related to REIT investments.
  • Unauthorized liquidation of mutual funds to purchase variable annuity without customer approval.

Gerald O’Halloran Red Flags & Your Rights As An Investor

Of course, Gerald O’Halloran did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Gerald O’Halloran at Union Capital Company and Kovack Securities Inc. on alert to review carefully the activity and performance of their accounts and question whether Gerald O’Halloran has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Union Capital Company and Kovack Securities Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At Union Capital Company Due To Gerald O’Halloran

If you have questions about Union Capital Company, Kovack Securities Inc., and/or Gerald O’Halloran and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

Author Photo

Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $160 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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