Investors potentially experienced sales practice violations by securities broker Gerald Best Hanifan Jr. (also known as Jerry Hanifan) [CRD: 2286666, West Jefferson, North Carolina], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Hanifan worked for USA Financial Securities LLC beginning April 24, 2006, and USA Financial Securities Corporation beginning March 27, 2007. Investors can see below to discover more about disclosures involving Hanifan.
Notably, a USA Financial Securities LLC client filed FINRA Arbitration No. 24-01984 about Gerald Hanifan. Primarily, the client alleged that Hanifan made unsuitable recommendations. For this reason, the client allegedly experienced damages relating to real estate securities. Consequently, on June 18, 2025, USA Financial Securities LLC settled this matter by paying the client $35,000 in damages.
Specifically, a client of USA Financial Securities LLC contested Gerald Hanifan’s sales practices by filing FINRA Arbitration No. 24-02603. Allegedly, Hanifan gave unsuitable advice to the client. It appears that Hanifan allegedly caused the client to sustain damages relating to real estate securities. Therefore, USA Financial Securities LLC opted to settle the matter on October 20, 2025, by paying the client $20,000.
Also, a USA Financial Securities Corporation client filed FINRA Arbitration No. 24-00233 about Gerald Hanifan Mainly, the client alleged that Hanifan made unsuitable recommendations by failing to explain investments adequately. Because of this, the client allegedly incurred damages associated with real estate securities. As a result, on June 18, 2025, USA Financial Securities Corporation settled this matter by paying the client $45,000 in damages.
Particularly, a client of The Investment Center Inc and USA Financial Securities Corporation disputed Gerald Hanifan’s sales practices by filing Civil Action No. UNN-L-144-15. Allegedly, Hanifan made unsuitable recommendations and engaged in excessive trading. It appears that Hanifan allegedly caused the client to incur damages linked to life insurance products. Consequently, The Investment Center Inc and USA Financial Securities Corporation opted to settle the matter on May 15, 2015, by compensating the client in the amount of $10,000.
Do you need clarification on any investment losses relating to Gerald Hanifan? Contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Hanifan and brokerage firms Hanifan worked for deny allegations of sales practice violations.
JOHN LAWRENCE ALEX (JOHN L ALEX) has been registered both as a broker and financial advisor with MORGAN STANLEY of Morristown, New Jersey, since11/15/2011. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOHN L ALEX has 36 years of experience in the securities industry and has been registered with 4 firms. Alex […]
JOSEPH KELLY (JOE KELLY) has been registered as a broker with VCS VENTURE SECURITIES of New York, NY since 6/17/2026. He was previously registered with SPARTAN CAPITAL SECURITIES LLC of New York, NY from 01/13/2017 - 12/18/2024. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, JOSEPH KELLY has 21 years of experience […]
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
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