Daniel O’Halloran Allegedly Recommended an Unsuitable Investment

Daniel O’Halloran (CRD #: 1391521), a broker registered with American Trust Investment Services, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on August 9, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 11, 2024, an investor alleged Daniel O’Halloran allegedly recommended an unsuitable investment and omitted material information. He also allegedly failed to conduct due diligence. The investor is seeking $1,475,000. 

FINRA Rule 2111 – Unsuitable Investments 

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Investments that do not take these factors into account may be unsuitable. 

What is Broker Negligence? 

Negligence covers a variety of broker misconduct, including a failure to conduct due diligence. Investors who believe their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration. 

Background Information 

Daniel O’Halloran has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination  
• Series 24 General Securities Representative Examination 

He is a registered broker in 39 states, D.C., and Puerto Rico. He is a registered investment adviser in six states. 

Daniel O’Halloran has registered with ten firms. These are the five most recent: 

• American Trust Investment Services (CRD #: 3001) 
• Asset Strategies (CRD #: 104512) 
• American Trust Investment Services Advisory (CRD #: 299547) 
• Chicago Capital Management Advisors (CRD #: 123483) 
• LaSalle St. Investment Advisors (CRD #: 109701) 

Kurta Law Can Help 

If you worked with Danielle O’Halloran and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.