Christopher Callagy Resigns from Revere Securities
Christopher Callagy (CRD #: 1688999), a broker formerly registered with Revere Securities, resigned from the firm, according to his BrokerCheck record, accessed on October 30, 2022. Read on to learn more about his conduct as a broker.
Resignation from Revere Securities
On August 5, 2022, Christopher Callagy was permitted to resign from Revere Securities after allegedly conducting improper communications with a client, in violation of firm policy. He allegedly used his personal cell phone to exchange texts discussing securities-related matters with a client and failed to disclose the communications when asked.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
On January 27, 2021, an investor named Christopher Callagy in a dispute alleging poor performance in their account. They sought $180,000 in damages and received a settlement of $115,000.
In 2019, Christopher Callagy became the subject of civil liens totalling approximately $293,228.93.
Suspension by FINRA
On November 13, 2019, FINRA suspended Christopher Callagy for allegedly failing to comply with an arbitration award or settlement agreement or adequately answer a FINRA request to provide information about his compliance. He was the subject of an Arbitration Award following allegations from Oppenheimer & Company that he had breached a promissory note.
An arbitration award dated September 16, 2018, found Christopher Callagy liable for $125,477.46 plus 9% annual interest, as well as attorneys’ and filing fees.
Christopher Callagy was suspended from November 13 to December 10, 2019.
You can read a copy of the arbitration award here.
Christopher Callagy has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He previously worked for the following firms:
- Revere Securities (CRD#:14178)
- Aegis Capital Corporation (CRD#:15007)
- Oppenheimer & Company (CRD#:249)
- Janney Montgomery Scott (CRD#:463)
- Citigroup Global Markets (CRD#:7059)
- Kirlin Securities (CRD#:21210)
- Investors Center (CRD#:14670)
- First of Philadelphia Investment Group (CRD#:16201)
- Sherwood Capital (CRD#:10474)
Kurta Law Can Help
If you worked with Christopher Callagy and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.