Soreide Law Group has new information to share with you in regard to securities broker Gerald James OHalloran (CRD#: 1056697, Punta Gorda, Florida). It appears that O’Halloran worked for a number of securities firms including Kovack Securities (2004 to 2018) and Union Capital Company (2018 to present). It appears that clients of Kovack Securities disputed his sales practices. Not only that, but a Florida regulator issued an order fining O’Halloran for alleged misconduct. Here’s more information about these disclosures.
In a January 2020 complaint, a client of Kovack Securities brought up Gerald O’Halloran’s sales practices. Supposedly, O’Halloran sold them unsuitable investments. The client particularly addressed the risks of listed equities (stock) and real estate security transactions. It appears that Kovack Securities opted to settle the matter through making a $24,000 payment to the client in May 2020.
Evidently, in a June 2018 order, Florida Office of Financial Regulation sanctioned Gerald O’Halloran to resolve allegations of him signing incomplete trading authorizations. Supposedly, he agreed to cease and desist acting in violation of Florida statutes.
Notably, in August 2016 a client of Kovack Securities disputed Gerald O’Halloran’s sales practices regarding a REIT. First of all, the client alleged negligence. Secondly, the securities broker supposedly misrepresented or omitted facts in regard to the real estate investment trust. Next, the client alleged that Kovack Securities failed to supervise. Finally, the securities firm or broker allegedly acted in breach of fiduciary duty and breach of contract. Because of this, Kovack Securities opted to pay the client $60,000 in an August 2017 settlement.
It appears that a third Kovack Securities client came forward to dispute Gerald O’Halloran’s sales practices. Specifically, the client alleged that the securities broker made unauthorized trades. Allegedly, the client experienced damages or losses on reverse convertible notes. Evidently, the investor received $14,000 in a settlement of that matter.
In prior disputes about Gerald O’Halloran, clients manly allege unauthorized transactions. One dispute involved Kovack Securities being ordered to pay a client $76,565.08 in damages following accusations of unauthorized trading. Some of the other disputes settled as well.
Did you suffer losses because of broker Gerald O’Halloran? If so, call Soreide Law Group at (888) 760-6552 and speak with a skilled securities lawyer about a potential recovery of your losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for US investors who incurred losses because of their financial advisors and securities brokers. Please note that O’Halloran denies all allegations of his sales practice violations.
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On August 6, 2026, a customer filed a $400,000 FINRA arbitration naming Chad McQuade (CRD 5436281) and Northwestern Mutual. The claim involves outside, third-party real estate investments. It is pending, and McQuade disputes it in a written response.
Christopher Miller (CRD 4044818) has a customer dispute on BrokerCheck that settled on October 7, 2026 for $50,901. The disclosure lists Emerson Equity as the firm.
A customer dispute that settled for $80,000 on July 16, 2026 is the newest entry on the BrokerCheck report of Stephen Kerutis (CRD 2345517). The clients in that matter alleged unsuitable recommendations, and Truist Investment Services is the firm on the disclosure.
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