Arthur Cahill Subject of Cease-and-Desist Order in Florida

Arthur Cahill (CRD #: 1487974), a broker registered with UBS Financial Services, was recently the subject of a state regulatory action, according to his BrokerCheck record, accessed on February 2, 2023. Read on if you have questions about his alleged conduct as a broker.

Regulatory Action by State of Florida

On November 29, 2022, the Florida Office of Financial Regulation alleged that Arthur Cahill had rendered investment advice in the state without being registered by the Office of Financial Regulation. The Office ordered him to cease and desist and issued an 18,000 fine.

FINRA Rule 2010

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

Investor Dispute

On May 20, 2015, an investor alleged that Arthur Cahill executed unauthorized trades from February 2014 to May 2015. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without allowing an outside review. Investors can still pursue FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to engaging in discretionary trading only in pre-authorized accounts. Both the firm and the client must approve an account before discretionary trading can occur.

Background Information

Arthur Cahill has passed the following exams:

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

Arthur Cahill is a registered broker in 18 states and the District of Columbia. He is also a registered investment adviser in Florida and New Jersey.

He has also worked for the following firms:

• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Morgan Stanley (CRD#:149777)
• Morgan Stanley & Company (CRD#:8209)
• Morgan Stanley (CRD#:7556)
• UBS Financial Services (CRD#:8174)
• Smith Barney, Harris Upham & Company (CRD#:7059)
• Halpert and Company (CRD#:7094)

Kurta Law Can Help

If you worked with Arthur Cahill 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 and 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.