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.

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