Liam Gerard O’Keeffe of Danbury Connecticut a stockbroker formerly registered with Triad Advisors is referenced in a customer initiated investment related arbitration claim which was settled for $65,000.00 in damages supported by accusations that between 2001 and 2016: (1) bad investment recommendations were made to the customer and (2) misrepresentations had been made concerning the terms or other information concerning investments selected for the customer’s account while O’Keeffe was associated with Triad Advisors. Financial industry Regulatory Authority (FINRA) Arbitration No. 16-02125 (May 25, 2017).
FINRA Public Disclosure confirms that O’Keeffe is referenced in two additional customer initiated investment related disputes pertaining to allegations of O’Keeffe’s violative conduct while O’Keeffe was associated with securities broker dealer, Merrill Lynch Pierce Fenner Smith Incorporated. In particular, a customer initiated investment related arbitration claim involving O’Keeffe’s activities was resolved for $450,000.00 in damages on November 17, 2015 founded on accusations that between 2012 and 2015: O’Keeffe converted or misappropriated funds belonging to the customer; O’Keeffe made misrepresentations to the customer concerning the terms, features or risks of mutual funds and over-the-counter equities held in the customer’s investment portfolio; O’Keeffe poorly advised the customer concerning trades executed in the customer’s account; and O’Keeffe effected transactions without the customer’s approval. FINRA Arbitration No. 15-01394 (Nov. 17, 2015).
Thereafter, on July 8, 2016, a customer initiated investment related arbitration claim regarding O’Keeffe’s conduct was settled for $25,646.82 in damages based upon allegations that while O’Keeffe was associated with Merrill Lynch, the customer was provided bad advice concerning over-the-counter equities held in the customer’s account.
The settlement of these three disputes comes after O’Keeffe was barred by FINRA in all capacities supported by accusations that O’Keeffe failed to cooperate with FINRA during an investigation into allegations of O’Keeffe’s unauthorized trading and execution of a loan outside the firm’s auspices. Letter of Acceptance Waiver and Consent No. 20150451669-01 (Oct. 20, 2015). According to the AWC, O’Keeffe was instructed under Rule 8210 to provide FINRA with information and documentation. However, counsel for O’Keeffe contacted FINRA to confirm that O’Keeffe would not be cooperating. FINRA concluded that O’Keeffe’s conduct was violative of FINRA Rules 2010 and 8210.
O’Keeffe’s registration with Triad Advisors Inc. has been terminated as of October 20, 2015.
