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Patrick O’Neill Resigns from Silver Leaf Partners Following FINRA Suspension

May 11, 2022 FINRA Fine

Patrick O'Neill (CRD #: 2615841) has been suspended by FINRA, according to his BrokerCheck record, accessed on May 6, 2022. Read on if you have questions about his conduct as a broker.

Resignation from Silver Leaf Partners

On March 24, 2022, Patrick O'Neill resigned from Silver Leaf Partners after allegedly failing to disclose a felony charge in a timely manner, violating FINRA Rules 1122 and 2010 and Article V, Section 2(c) of FINRA's By-Laws.

FINRA Rules 1122 and 2010

FINRA Rule 1122 prohibits FINRA members from filing membership or registration information that is inaccurate, incomplete, or misleading.

Many violations of other FINRA rules constitute automatic violations of FINRA Rule 2010, which requires brokers to maintain high standards of professional conduct.

FINRA Investigation

On March 17, 2022, FINRA took action against Patrick O’Neill following allegations he failed to disclose a felony charge.

The Acceptance, Waiver, and Consent (AWC) agreement alleges that between August 20, 2020, and March 18, 2021, Patrick O'Neill purposefully neglected to amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose a felony charge.

Without admitting or denying the allegations, Patrick O'Neill consented to sanctions on the basis that he violated FINRA Rules 1122 and 2010 as well as Article V, Section 2(c) of FINRA’s By-Laws.

Sanctions

As part of this regulatory action, Patrick O’Neill faced the following sanctions:

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

His suspension began on April 18, 2022, and will end on July 17, 2022. You can read the full AWC here.

Background Information

Patrick O'Neill has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 24 - General Securities Principal Examination

He has also worked for the following firms:

  • Silver Leaf Partners (CRD#:126694)
  • Vestax Securities (CRD#:10332)
  • Pruco Securities (CRD#:5685)
  • Liberty Securities (CRD#:14416)
  • Independent Financial Securities (CRD#:19924)
  • Citicorp Investment Services (CRD#:23988)
  • Americorp Securities (CRD#:30405)

Kurta Law Can Help

If you worked with Patrick O'Neill 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.