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Gary Gallagher Allegedly Misrepresented Energy Investment’s Risks

Securities Lawyer Jonathan Kurta
By: Jonathan Kurta Author
February 9, 2023 at 10:52pm

Gary Gallagher (CRD #: 5745751), a broker formerly registered with Mutual Securities, allegedly misrepresented an investment, according to his BrokerCheck record, accessed on February 1, 2023. If you have questions about his alleged conduct as a broker, read on.

Investor Dispute

On November 3, 2022, an investor alleged that Gary Gallagher misrepresented the potential loss of principal and other risks associated with the investment of pension funds in FS Energy and Power Fund in September 2013. The client seeks $74,409 in damages in this pending dispute.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of manipulation, deception, or other fraudulent methods to influence the purchase and sale of securities. Misrepresenting an investment’s requirements, limitations, or other features violates this rule.

Background Information

Gary Gallagher has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He previously worked for Mutual Securities (CRD#:13092) and Voya Financial Advisors (CRD#:2882).

Kurta Law Can Help

If you worked with Gary Gallagher 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. 

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