Hennion & Walsh, Inc. financial advisor Patrick Walsh (CRD# 2383640) is accused of unsuitable investment recommendations in municipal debt. Walsh has been registered with Hennion & Walsh, Inc. in Parsippany, New Jersey since 1993.
Walsh has been the subject of three customer complaints between 2015 and 2018, according to his CRD report:
- March 2018. “Products purchased in 2013 are allegedly unsuitable.” The customer is seeking $100,000 in damages and the case is currently pending. This case is regarding municipal debt.
- September 2017. “Clients allege that certain non-specified recommendations regarding investment grade municipal bonds made in or after 2006 for their self directed accounts were “unsuitable.” The customer is seeking $90,000 in damages and the case is currently pending. This case is regarding municipal debt.
- November 2015. “Unsuitable Transactions.” The customer sought $250,000 in damages and the case was settled for $30,000. This case was regarding municipal debt.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Hennion & Walsh, Inc. may be liable for investment or other losses suffered by Walsh’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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