Gerry McGinley: $500K-$1mm Complaint Against UBS Advisor

Westport, Connecticut financial advisor Gerry McGinley (CRD# 1811084) recently received an investor complaint relating to an options overlay strategy. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with UBS Financial Services.

Mr. McGinley’s BrokerCheck report discloses one recent investor complaint. Filed in March 2024, it alleges that as a representative of UBS Financial Services, he misrepresented and recommended an unsuitable options overlay strategy. The pending complaint alleges damages between $500,000 and $1 million.

UBS Financial Services’ website includes a profile of Mr. McGinley that describes him as a Managing Director and Private Wealth Advisor at the firm. “Gerry delivers customized expertise to high net worth clients performing comprehensive wealth management and advanced planning to help clients achieve their goals,” it states. “Drawing upon the global resources of UBS and his many years of experience, Gerry works with an integrated team of professionals focused on helping clients address their banking, investing, trust and estate, lending, and philanthropic needs and goals.”

According to the Financial Industry Regulatory Authority, Gerry McGinley holds 32 years of securities industry experience. Based in Westport, Connecticut, he has been registered as a broker and an investment advisor with UBS Financial Services since 2015. His past registrations include Credit Suisse Securities (New York, New York; 2000-2015), Donaldson Lufkin & Jenrette Securities (New York, New York and Jersey City, New Jersey; 1994-2003), and Kidder Peabody & Company (New York, New York; 1988-1990). His credentials include the passage of five securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Combined State Law Examination, or Series 66. He holds 58 state licenses. (Information current as of May 28, 2024.)

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