GOODMAN & NEKVASIL P.A, MAY RECOVER INVESTOR LOSSES – GERALD JAMES OHALLORAN LICENSED WITH KOVACK SECURITIES, INC.
Since May 2004, Gerald Ohalloran has been licensed with Kovack Securities, Inc. FINRA reports that an arbitration claim against Gerald Ohalloran and Kovack Securities, Inc. was filed in August 2007. The claimant alleged unauthorized transactions by Gerald Ohalloran while Gerald Ohalloran was licensed with Kovack Securities, Inc. This case did not settle and proceeded to final hearing. The arbitration panel issued a $76,565.08 award against Kovack Securities, Inc. Gerald Ohalloran paid $48,000 of this award.
Following this award, FINRA reports that two other arbitration claims have been filed during Gerald Ohalloran’s employment with Kovack Securities, Inc., alleging negligence, misrepresentation, omission of a material fact, negligent supervision, breach of fiduciary duty, breach of contract, and/or unauthorized trading by Gerald Ohalloran. These claims were settled for $60,000 and $14,000. Gerald Ohalloran paid most of this settlement.
FINRA also reports that Gerald Ohalloran was previously terminated by A.G. Edwards & Sons, Inc. in 2000, and Edward D. Jones & Co., L.P. in 1998, for alleged improper handling of customer communication, unapproved use of communications with the public and/or failure to comply with record keeping requirements.
If you lost any money on investments with Gerald Ohalloran while he was employed with Kovack Securities, Inc., you may be able to recover your losses from Kovack Securities, Inc. This is because Kovack Securities, Inc. had a duty to supervise Gerald Ohalloran.
If you lost money on investments with Gerald Ohalloran and believe that the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Kovack Securities, Inc. concerning Gerald Ohalloran’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments with Gerald Ohalloran and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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