DID DANIEL PATRICK O’HALLORAN CAUSE YOU INVESTMENT LOSSES?
Daniel O’Halloran Of American Trust Investment Services, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Daniel O’Halloran of American Trust Investment Services, Inc.?
Daniel O’Halloran (CRD #1391521) is a seasoned financial professional with extensive experience in the securities industry. He is currently registered with American Trust Investment Services, Inc. as a registered broker since January 7, 2015, and with multiple firms as an investment advisor since 2004, 2019 and July 21, 2023. O’Halloran has passed five industry exams, including the General Securities Principal Examination (Series 24) and the Uniform Investment Adviser Law Examination (Series 65). He holds registrations in 41 U.S. states and territories, indicating his broad capability to serve clients nationwide. His career spans several decades, with previous registrations at firms such as LaSalle St. Securities, L.L.C., and Barron Chase Securities, Inc.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Daniel O’Halloran Customer Complaints and Reviews
Daniel O’Halloran has two customer disputes disclosed in his BrokerCheck record:
- Customer Dispute (Settled – July 2001)
- Incident: In 2000, a customer alleged misrepresentation on unsuitable equity transactions which led to losses in their account. The dispute, which included allegations such as breach of contract and fraud, was settled in July 2001 for $21,000. O’Halloran contributed $5,000 to the settlement and denied the allegations, stating that the customer was fully aware of the risks involved.
- Customer Dispute (Pending – July 2024)
- Incident: A recent complaint filed in July 2024 alleges that O’Halloran failed to conduct due diligence and omitted material facts in connection with investments in GWG Holdings. The alleged damages amount to $1,475,000. O’Halloran denies the allegations, asserting that the claimants were aware of the risks and conducted their own due diligence. The case is currently pending with FINRA arbitration.
Allegations Against Daniel O’Halloran
Customer Dispute Allegation (2000-2001): The customer alleged that O’Halloran engaged in misrepresentation and unsuitable equity transactions, leading to financial losses. The dispute included claims under various laws, including the Illinois Consumer Fraud and Deceptive Practices Act, and was settled for $21,000.
Customer Dispute Allegation (2024): The claimants allege that O’Halloran failed to perform due diligence, omitted critical facts, and violated FINRA’s Rule 2111 and Regulation Best Interest (Reg BI) in relation to investments in GWG Holdings. The claimed damages are $1,475,000, and the case is currently under arbitration. O’Halloran denies the allegations, emphasizing that the investments were made at the claimants’ discretion.
Daniel O’Halloran Red Flags & Your Rights As An Investor
Of course, Sean Olsen 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 Sean Olsen at Garden State Securities, Inc. on alert to review carefully the activity and performance of their accounts and question whether Sean Olsen has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Garden State Securities, Inc. also raises questions about the brokerage firms’ 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 American Trust Investment Services, Inc. Due To Daniel O’Halloran
If you have questions about American Trust Investment Services, Inc. and/or Daniel O’Halloran 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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