Insurance Services Office
The Gallagher GroupHeadquarters
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Information and Alerts
Alert Details
This business has 2 alerts.
Government Actions
U.S. Securities and Exchange Commission v. William Neil "Doc' Gallagher, Gallagher Financial Group, Inc. and W. Neil Gallagher, Ph.D. Agency, Inc.
The following describes a pending government action that has been resolved by either a settlement or decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On January 11, 2023, the business entered settlement agreement with the Securities and Exchange Commission in the United States District Court for the Northern District of Texas.
The United States District Court for the Norther Division of Texas and Matthew agreed Matthew pay $26,615.91.
The motion settles allegations Gallagher fraudulently raised $19.6 million from approximately 60 senior citizens. Gallagher promised he would purchase income-generating assets to provide investor s with risk free returns of up to 8% per year. The SEC alleges Gallagher used almost all of the investors money to pay his personal and business expenses and to make Ponzi payments to certain investors.
Fore more details go to: https://www.ssb.texas.gov.
Licensing
BBB confirmed that The Gallagher Group had not obtained a necessary license from U.S. Securities and Exchange Commission. BBB encourages you to contact the following agency or agencies to confirm this information: - http://www.sec.gov
Service Area
- Tarrant County, TX
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