Christopher Mullaly Suspended by FINRA

Christopher Mullaly (CRD #: 6345942), a broker formerly registered with Finalis Securities, has been suspended by FINRA, according to his BrokerCheck record, accessed on January 10, 2025. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Suspension

On December 6, 2024, Christopher Mullaly consented to the entry of findings that he allegedly failed to obtain written consent from Four Points Capital Partners before opening two outside brokerage accounts from September 2020 through October 2023.

According to a Letter of Acceptance, Waiver & Consent (AWC), Christopher Mullaly allegedly failed to disclose an existing outside brokerage account to Four Points Capital Partners within 30 calendar days of becoming associated with the firm in September 2020. He allegedly also failed to notify the financial institution where he held that account of his association with the firm.

In February 2022, he allegedly opened another outside brokerage account and failed to notify Four Points Capital Partners until February 2023. Christopher Mullaly allegedly also falsely certified that he had no outside brokerage accounts on three annual compliance questionnaires submitted to the firm.

The AWC concluded that these allegations constitute violations of FINRA Rules 3210 and 2010.

FINRA Rule 3210

FINRA Rule 3210 prohibits brokers from opening an investment account at any other brokerage firm besides the firm where they are registered representatives, unless they have the prior written consent of their firm.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

Sanctions

Christopher Mullaly consented to the following sanctions:

• Three-month suspension from associating with FINRA members
• $5,000 fine

His suspension began on December 16, 2024, and will end on March 15, 2025. You can read the full AWC here.

Civil Lien

On May 3, 2021, Christopher Mullaly incurred a $56,101 civil lien.

Background Information

Christopher Mullaly has passed the following exams:

• Limited Representative-Private Securities Offerings – Series 82TO
• Investment Banking Registered Representative Examination – Series 79
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• Finalis Securities (CRD#:305908)
• Four Points Capital Partners (CRD#:43149)
• Barclays Capital (CRD#:19714)

Kurta Law Can Help

If you worked with Christopher Mullaly and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.