Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Mullaly (Mullaly), previously associated with Finalis Securities LLC, has at least one disclosable event. These events include one tax lien, alleging that Mullaly recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 06, 2024.
Without admitting or denying the findings, Mullaly consented to the sanctions and to the entry of findings that he did not seek or obtain written consent from his member firm prior to opening, or while continuing to maintain, two outside brokerage accounts in which he could effect securities transactions and in which he had a beneficial interest. The findings stated that Mullaly did not notify one of the financial institutions where he maintained an outside account, and did not timely notify the other financial institution, of his association with his firm. In addition, Mullaly submitted annual compliance questionnaires to his firm in which he falsely certified that he had no outside brokerage accounts.
