July 17, 2018 Comments (0) Blog, Current Investigations

CA Advisor Michael Gilhooly Barred from Securities Industry

Michael Gilhooey
(Last Updated On: July 17, 2018)

Michael Gilhooly – RJJ Pasadena Securities – S. Pasadena, CA

According to the Financial Industry Regulatory Authority (FINRA), the regulator has permanently barred financial advisor Michael Gilhooly from the securities industry.

According to the Letter of Acceptance Waiver & Consent, without admitting or denying the findings, Gilhooly consented to the sanction and to the entry of findings that during the course of an ongoing examination, he refused to appear for on-the-record testimony requested by FINRA.

FINRA’s findings stated that the regulator began an examination of the trading activity in the accounts of Gilhooly and one of his customers to determine whether Gilhooly engaged in conduct that violated federal securities laws or regulations or FINRA rules.

Gilhooly was registered with RJJ Pasadena Securities in South Pasadena, CA from August 2001 until November 2017, according to his FINRA BrokerCheck Report. Gilhooly has four disclosure events listed on his broker report.

For FINRA’s full findings see FINRA case number 2017053556901.

Investigating Potential Claims

The White Law Group is investigating the liability that Gilhooly’s former employer, RJJ Pasadena Securities, may have for his alleged actions.

Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that the firm failed to properly supervise Michael Gilhooly, the firm may be held responsible for investment losses in a FINRA arbitration claim.

If you have invested with Michael Gilhooly and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

 

 

 

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