DID WILLIAM EDWARD GALVIN JR CAUSE YOU INVESTMENT LOSSES?
William Galvin Jr Of Hightower Securities LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About William Galvin Jr of Hightower Securities LLC?
William Galvin Jr (CRD #4127582) located in Chicago, Illinois, is a registered securities broker currently employed with Hightower Securities, LLC as a registered broker and Hightower Advisors, LLC (Chicago, Illinois) as an investment adviser since January 2024. He has over 24 years of experience in the securities industry and was previously registered with Equitable Advisors, LLC and CMG Financial Planning Ltd. Galvin passed one principal/supervisory exam, three general industry/product exams, and two multi-state securities law exams, including the Series 7 (General Securities Representative Exam) and the Series 24 (General Securities Principal Exam). He is currently licensed in 30 U.S. states and territories and is registered with one self-regulatory organization (FINRA). He also holds a Certified Financial Planner (CFP) designation.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Galvin Jr Customer Complaints and Reviews
Two customer disputes were disclosed in his BrokerCheck.
- Customer Dispute #1
- Date Filed: December 4, 2024
- Firm: Equitable Advisors, LLC
- Complaint: The client alleged that a Real Estate Investment Trust (REIT) purchased ten years ago became illiquid, stopped paying dividends, and dropped in value.
- Product: Real Estate Investment Trust (REIT)
- Alleged Damages: $60,000
- Status: Pending – No settlement or arbitration ruling yet
- Customer Dispute #2
- Date Filed: November 13, 2024
- Firm: Equitable Advisors, LLC
- Complaint: The client alleges that a REIT purchase was unsuitable for their investment profile.
- Product: Real Estate Security
- Alleged Damages: Unspecified, but client is seeking more than $5,000
- Status: Pending under FINRA Case #24-02434
Allegations Against William Galvin Jr
- Both pending customer disputes involve concerns related to Real Estate Investment Trusts (REITs), a type of investment that can be illiquid and sensitive to market conditions.
- The first dispute suggests that the client was dissatisfied with the long-term performance and lack of liquidity of a REIT they purchased a decade ago.
- The second dispute involves allegations that the REIT was unsuitable for the investor, which could imply risk tolerance mismatches, lack of disclosure, or improper investment recommendations.
- Illiquidity is a known risk in REITs, and investors who were not fully aware of these risks may file disputes if they later experience financial loss.
- While these disputes are still pending, no findings of wrongdoing have been made against Galvin, and the outcome will be determined through settlement, arbitration, or dismissal. Investors should conduct thorough due diligence on investment products before making decisions.
William Galvin Jr Red Flags & Your Rights As An Investor
Of course, William Galvin Jr 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 William Galvin Jr at Hightower Securities LLC on alert to review carefully the activity and performance of their accounts and question whether William Galvin Jr has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Hightower Securities LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Hightower Securities LLC Due To William Galvin Jr
If you have questions about Hightower Securities LLC and/or William Galvin Jr 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.
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