Robert Joseph Kerrigan a stockbroker formerly registered with First Financial Equity Corporation has been suspended on May 4, 2017 from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to inform FINRA as to whether he complied with FINRA Arbitration Award No. 16-01607 (Feb. 21, 2017) where he was ordered to pay a customer $270,000.00 in damages after having been found liable on the customer’s claims of Kerrigan (1) violating Arizona securities laws (2) negligently handling the customer’s account (3) making omissions and misrepresentations and (4) breaching his fiduciary and contractual obligations to the customer.
Kerrigan has already been barred from associating with any FINRA member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of Kerrigan having engaged in undisclosed outside business activities and sold away from First Financial Equity Corporation. Letter of Acceptance Waiver and Consent No. 2015047151041 (May. 11, 2016).
FINRA Public Disclosure additionally confirms that on October 25, 2016, a customer initiated investment related complaint concerning Kerrigan’s activities was resolved for $37,500.00 in damages based upon accusations that unsuitable investment recommendations had been made to the customer and First Financial Equity Corporation failed to supervise Kerrigan’s activities in the customer’s account.
Kerrigan’s registration with First Financial Equity Corporation was terminated on August 4, 2015.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
