DAVID RAY GALLAHAR is currently employed as a Broker and/or Investment Adviser at RAYMOND JAMES & ASSOCIATES, INC. located at 7460 HALCYON POINTE DRIVE, SUITE #301, MONTGOMERY, AL, 36117.
DAVID RAY GALLAHAR has worked at RAYMOND JAMES & ASSOCIATES, INC. since February 13, 2013
Disclosure History
DAVID RAY GALLAHAR has 19 Disclosure Event(s).
Date: January 22, 2013 Category: Customer Dispute Allegations: RMK RELATED. CLAIM ALLEGESUNSUITABILITY, MISREPRESENTATION ANDFAILURE TO SUPERVISE WITH REGARD TORMK FUNDS AND FIRST STRATEGIC HIGHINCOME FUND II (FHY). Damage Amount Requested: $540,000.00 Settlement Amount: $213,300.00
Date: August 24, 2011 Category: Customer Dispute Allegations: BREACH OF FIDUCIARY DUTY; BREACH OF CONTRACT; UNSUITABILITY; VIOLATIONS OF SECURITIES REGULATORY RULES; VIOLATIONS OF THE ALABAMA SECURITIES ACT AND THE ALABAMA DECEPTIVE TRADE PRACTICES ACT; INTENTIONAL AND NEGLIGENT MISREPRESENTATION OF MATERIAL FACTS; UNJUST ENRICHMENT; BREACH OF DUTY OF GOOD FAITH AND FAIR DEALING; GROSS NEGLIGENCE; AND FAILURE TO PROPERLY EXECUTE DUTIES Damage Amount Requested: $25,000.00
Date: May 23, 2011 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION REGARD TO MUTUAL FUNDS PURCHASED IN 2006. Damage Amount Requested: $160,000.00 Damages Granted: $103,213.68
Date: November 22, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED IN 2004 AND 2007. Damage Amount Requested: $87,445.00 Settlement Amount: $30,473.00
Date: November 15, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED IN 2003.
Date: October 04, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2004 AND 2006. Settlement Amount: $85,000.00
Date: August 30, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY OF MUTUAL FUNDS PURCHASED 2003 -2006. Settlement Amount: $3,400.00
Date: May 18, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS AND A CORPORATE BOND PURCHASED BETWEEN 2003 AND 2008. Settlement Amount: $120,000.00
Date: May 14, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED IN 2005 AND 2006. Damage Amount Requested: $47,000.00 Settlement Amount: $30,750.00
Date: February 26, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED IN 2000 AND 2007. Damage Amount Requested: $859,668.00
Date: February 16, 2010 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO REGIONS MORGAN KEEGAN MUTUAL FUNDS PURCHASED BETWEEN 2000 AND 2007. Damage Amount Requested: $1,123,515.68 Settlement Amount: $165,000.00
Date: December 04, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION, UNSUITABILITY AND FAILURE TO FOLLOW INSTRUCTIONS WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 2002 AND 2006. Settlement Amount: $15,000.00
Date: October 30, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED IN 2006 AND 2007. Damage Amount Requested: $13,000.00 Settlement Amount: $5,500.00 Broker Comment: IN THIS CASE FILED BY MULTIPLE CLAIMANTS, MORGAN KEEGAN SETTLED WITH THE CLAIMANT SERVICED BY MR. GALLAHAR FOR $5,500.00
Date: July 06, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION AND UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 10/05 AND 2/06. Damage Amount Requested: $1,110,000.00 Settlement Amount: $89,000.00
Date: June 29, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 1/06 AND 8/06. Damage Amount Requested: $185,940.00 Settlement Amount: $46,847.79
Date: June 19, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY AND MISREPRESENTATION WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 12/02 AND 10/04. Damage Amount Requested: $294,378.00 Settlement Amount: $175,000.00
Date: June 19, 2009 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY AND MISREPRESENTATION WITH REGARD TO MUTUAL FUNDS PURCHASED BETWEEN 03/04-12/06. Damage Amount Requested: $132,000.00 Settlement Amount: $21,354.70
Date: April 02, 2008 Category: Customer Dispute Allegations: CLAIM ALLEGES MISREPRESENTATION OF MUTUAL FUNDS PURCHASED 05/07. DAMAGES CLAIMED ARE UNSPECIFIED (BELIEVED TO BE IN EXCESS OF $5000).
Date: February 11, 2008 Category: Customer Dispute Allegations: CLAIM ALLEGES UNSUITABILITY OF RMK FUND INVESTMENT. Damage Amount Requested: $426,863.74 Broker Comment: INVESTIGATION UNDERWAY.*** AS OF MAY 19, 2008, THIS ITEM HAS BEEN CLOSED WITH NO ACTION.***AS OF 02/11/2010 THIS ITEM IS NO LONGER REPORTABLE.***
More Information
All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.
A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.
BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.
To view the full report for DAVID RAY GALLAHAR, click here.
The use of BrokerCheck data is subject to the BrokerCheck Terms of Use.
×
Outdated Information
If you discover any errors or outdated information on this Website, please contact us and we will promptly correct such errors or outdated information.
If BrokerCheck® is the source of such errors or outdated information, please contact FINRA at (301) 590-6500.
×
BrokerSearch Removal
Brokersearch.info will not fully remove items from this Website without an applicable court order designating them for removal. Investors rely on the information available on this Website to decide whether to choose or retain a broker or investment adviser.
Upon written request, we may remove certain page(s) from appearing in search engine results using the robots.txt protocol.
When a person searches for your name using Google, Bing, Yahoo! and other search engines the page(s) from Brokersearch.info would not appear in the search results.
Please contact us to learn more about Search Engine Removal.