Ex-Merrill Lynch stockbroker Scott Matthews (CRD# 1314735) was recently sanctioned by the Financial Industry Regulatory Authority. The former Merrill Lynch...Read More
Ex-Eastgate Rep James O’Reilly Barred: Alleged Outside Activities
James O’Reilly (CRD# 2209758), a broker previously registered with Eastgate Securities, has been sanctioned by the Financial Industry Regulatory Authority after findings he refused to cooperate with an investigation into allegations of potential undisclosed outside business activities. He was formerly registered with the firm’s office in Little Neck, New York.
A Letter of Acceptance, Waiver and Consent (No. 2019064977701) dated August 2, 2021 notes that in the period between January 2017 and May 2021, James O’Reilly was registered with TOR Brokerage LLC and then Eastgate Securities. He was registered with the firms as a General Securities Representative and as a General Securities Principal. The Letter states that on May 28, 2021, FINRA sent him a request to provide on-the-record testimony in connection with FINRA’s investigation “into potential undisclosed outside business activities and private securities transactions involving private placement offerings.”
Instead of providing the testimony as requested, FINRA states, James O’Reilly instead indicated to FINRA via counsel on June 8, 2021 that he would not appear for the requested testimony “at any time.” FINRA found that this refusal constituted a violation of FINRA Rule 8210, which requires persons under FINRA jurisdiction to provide on-the-record testimony requested as part of its investigations. As a result of these findings, James O’Reilly was barred from associating with any FINRA member in any capacity.
According to the Financial Industry Regulatory Authority, James O’Reilly holds 26 years of securities industry experience. His previous registrations include Lakeridge Capital (Ontario, Canada; 2020-2021), Eastgate Securities (Little Neck, New York; 2018-2021), TOR Brokerage LLC (North Bergen, New Jersey; 2017-2019), Dakoy Capital Markets (New York City; 2015-2019), Gate US LLC (NYC; 2008-2015), Calibrax Capital Partners (Cold Spring Harbor, New York; 2008), ATM USA (NYC, 2007-2008), and Hamershlag Dodeles & Company (NYC; 2006-2007). His qualifications include the passage of seven securities industry examinations: Uniform Investment Adviser Law Examination (Series 65), Uniform Securities Agent State Law Examination (Series 63), Securities Industry Essentials Examination (SIE), National Commodity Futures Examination (Series 3), Limited Representative-Equity Trader Exam (Series 55), General Securities Representative Examination (Series 7), and General Securities Principal Examination (Series 24). He presently holds no state securities licenses. (Information accessed on December 17, 2021.)