Anthony John O’Callaghan, of New York, New York, a stockbroker formerly employed with Credit Suisse Securities (USA) LLC, is the subject of a customer initiated investment related written complaint on February 23, 2017, in which the customer requested $57,298.00 in damages supported by allegations that an inappropriate inverse exchange traded fund transaction was effected in the customer’s individual retirement account, causing the customer to sustain substantial losses.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that O’Callaghan has been identified in three additional customer initiated investment related disputes containing accusations of O’Callaghan’s improper conduct during the period that he was employed with Credit Suisse Securities (USA) LLC and Donaldson, Lufkin & Jenrette Securities Corporation. In particular, on February 8, 2001, a customer initiated investment related written complaint involving O’Callaghan’s conduct was settled for $300,000.00 in damages based upon allegations that equity transactions were executed in the customer’s account that were not appropriate for the customer.
On July 2, 2009, another customer initiated investment related written complaint regarding O’Callaghan’s activities was resolved for $27,390,000.00 in damages founded on accusations of inappropriate auction rate securities transactions having been placed in the customer’s account. Afterward, on September 21, 2010, a customer initiated investment related written complaint involving O’Callaghan’s conduct was settled for $180,000.00 in damages based upon allegations that O’Callaghan effected unsuitable stock transactions in the customer’s investment account.
O’Callaghan’s employment with Credit Suisse Securities (USA) LLC has been terminated as of December 18, 2015. He has been registered with UBS Financial Services Inc. since December 2, 2015.
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