brokerwatch

Paul McGonigle | LPL Financial

McGonigle was registered as a broker with LPL Financial LLC for a brief period between 2018-2019. Before that, he was registered with SII Investments, Inc from 1998-2018, Royal Alliance Associates, Inc from 1989-1998, and various other firms going back to 1983.

According to FINRA’s BrokerCheck, McGonigle has been the subject of 3 disclosures, including 2 customer disputes and 1 regulatory disclosure:

• 05/31/2022: “Claimant alleges that during the time period 2012 to 2019, representative misappropriated funds by forging documents to switch annuities for the purpose of stealing funds.”
• 08/12/2020: “On September 8, 2020, in response to FINRA’s Notice of Suspension Letter dated August 12, 2020, McGonigle emailed a request for hearing to the Office of Hearing Officers (“OHO”). On October 15, 2020, McGonigle was ordered to file a supplement to his hearing request to set forth with specificity any and all defenses to the FINRA action as required by FINRA Rule 9552(e) no later than October 22, 2020. McGonigle did not file a supplement and the proceeding before the OHO was dismissed on October 23, 2020. On October 26, 2020, McGonigle made a request to reopen the OHO proceeding. On November 5, 2020, McGonigle was ordered to file, by November 10, 2020, a written statement establishing good cause as to why this expedited matter should be reopened. McGonigle did not file a written statement and on November 12, 2020, his request to reopen the expedited matter was denied. The Notice of Suspension dated August 12, 2020 remains FINRA’s final action. Pursuant to Rule 9552(h), absent a request to terminate the suspension within three months of the issuance of the original notice of suspension, McGonigle will automatically be barred on November 16, 2020. McGonigle failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities on November 16, 2020.”
• 01/08/2007: “CLIENT ALLEGES EXCESSIVE TRADING AND CHURNING; UNSUITABLE PURCHASING AND SURRENDERING OF ANNUITY PRODUCTS INCLUDING FIXED AND VARIABLE AND UNSUITABLE TRADING OF MUTUAL FUNDS INCLUDING CLASS B BEGINNING ON MAY OF 2000.”

If you invested with Paul McGonigle, you should Contact Peiffer Wolf immediately for a Free Consultation.

To review Paul McGonigle’s BrokerCheck report, click here:

https://brokercheck.finra.org/individual/summary/1220690  *BrokerCheck is run by the Financial Industry Regulatory Authority, Inc. (FINRA)