Michael Gilhooly Investigated by FINRA to Determine whether Trading Activity in a Customer’s Account Violated Securities Rules & Regulations

FINRA was investigating Michael Gilhooly regarding trading activity in a customer’s account and seemed to determine whether such conduct violated securities rules and regulations, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC) under review by attorney Alan Rosca.

Michael Gilhooly, of South Pasadena, California, was a financial advisor and registered representative of RJJ Pasadena Securities from 2001 to November 2017, and also worked at a branch office in South Pasadena, California, the AWC notes. Gilhooly entered the securities industry in January 1994, the AWC notes.

Attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Michael Gilhooly’s alleged securities rules and regulations violations. Investors who believe they may have lost money in activity related to Michael Gilhooly’s alleged securities rules and regulations violations are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Michael Gilhooly Barred by FINRA after Refusing to Appear for On-the-record Testimony

Gilhooly, in 2017, fell under the scope of a FINRA examination regarding the trading activity in the accounts of Gilhooly and one of his customers to determine whether Gilhooly allegedly engaged in conduct that violated federal securities laws or regulations or FINRA rules, according to the aforementioned AWC under review by Alan Rosca.

On June 14, 2018, FINRA staff then sent a request to Gilhooly for on-the-record testimony pursuant to FINRA Rules, and Gilhooly, via his counsel, reportedly acknowledges that he received FINRA’s request and stated that he would not appear for on-the-record testimony at any time, the AWC notes.

Gilhooly, by allegedly refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, allegedly violated FINRA Rules and therefore has been barred by FINRA from association with any FINRA member in ally capacity, the AWC states.

One should also note that, according to the AWC, Michael Gilhooly neither admitted nor denied the FINRA findings.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Michael Gilhooly’s alleged securities rules and regulations violations. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Michael Gilhooly’s alleged securities rules and regulations violations may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.

filed under: Investigations

Tags: , , , , ,

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.