Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on June 27, 2018 indicate that New Jersey-based Royal Alliance Associates broker/adviser Jerald Aloof has received a customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Aloof (CRD# 1567086).
Jerald Aloof has spent 31 years in the securities industry and has been registered with Royal Alliance Associates in Clark, New Jersey since 2003. Previous registrations include UBS Painewebber in Weehawken, New Jersey (1993-2003); Dean Witter Reynolds in Purchase, New York (1989-1993); Shearson Lehman Hutton in New York, New York (1988-1989); and EF Hutton & Company (1986-1988). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on April 20, 1999; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on October 9, 1986; Series 3 (National Commodity Futures Examination), which he obtained on October 22, 1986; Series 7 (General Securities Representative Examination), which he obtained on September 22, 1986; Series 53 (Municipal Securities Principal Examination), which he obtained on June 15, 2010; and Series 24 (General Securities Principal Examination), which he obtained on December 28, 2009. He is a registered broker and investment adviser with 13 US states and territories: California, Colorado, Connecticut, Delaware, Florida, Massachusetts, Minnesota, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, and Rhode Island.
According to his BrokerCheck report, he has received one customer complaint and two unsatisfied tax liens.
In January 2018 the Internal Revenue Service filed a tax lien totaling $107,958.62 against him. The lien remains outstanding.
In 2013 the State of New Jersey filed a tax lien totaling $4,934.21 against him. The lien remains outstanding.
In 2003 a customer alleged Jerald Aloof, while employed at UBS Financial Services, recommended unsuitable investments, committed fraud, and breached his fiduciary duty. The complaint settled in 2005 for $40,000.
If you or someone you know has lost money investing with Jerald Aloof, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.