FINRA recently announced that William Edward Herlihy, formerly of Orion Trading LLC, has been censured, fined $30,000 and supended from association with any FINRA member in any capacity for 90 days.
Without admitting or denying the findings, Herlihy consented to the described sanctions and to the entry of findings that he participated in the sale of unregistered securities by a control person of the issuer. The findings further stated that Herlihy ignored red flags and failed to conduct an adequate inquiry and follow-up on suspicious trading activity by customers who were engaged in numerous pre-arranged cross and wash transactions for purposes of manipulating a company’s stock.
According to his FINRA Broker Report (CRD), prior to being registered with Orion Trading LLC, William Edward Herlihy was registered with Thomas Anthony & Associates, Inc., a FINRA registered broker-dealer based in Winter Park, Florida, and Park Financial Group, Inc., a FINRA registered broker-dealer based in Maitland, Florida.
If you have questions regarding investments you made with William Edward Herlihy or Orion Trading, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Florida, including reviewing securities fraud cases in Deltona, Apopka, Lake Mary, New Smyrna Beach, Daytona Beach, Kissimmee, and Orlando. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.Tags: Dax White, Deltona, Deltona securities attorney, FINRA, Maitland, Maitland securities attorney, Orion Trading, Orlando securities attorney, Park Financial, Thomas Anthony & Associates, Unregistered Securities, William Edward Herlihy, Winter Park, Winter Park securities attorney Last modified: December 7, 2022