Current Investigations

Jerald Aloof: One Customer Complaint and Two Outstanding Tax Liens

Jerald Aloof has worked in the securities industry for thirty-one years. During his career he has worked for six different securities firms. From 1986 to 1988 he worked for E.F. Hutton & Company Inc. From 1988 to 1989 he worked for Shearson Lehman Hutton Inc. From 1989 to 1993 he worked for Dean Witter Reynolds Inc. From 1993 to 2003 he worked for UBS Painewebber Inc. Since 2003 he has worked for Royal Alliance Associates Inc. He has also worked concurrently for LPL Financial since 2018.

Jerald Aloof’s FINRA BrokerCheck report shows that Jerald Aloof has been the subject of one customer complaint and two tax liens.

In January 2018 a lien of approximately $108,000 was filed against him by the IRS. This lien remains outstanding.

In 2013 a lien of approximately $5,000 was filed against him by the state of New Jersey. This lien also remains outstanding

His one customer complaint was brought forward in 2003 when a customer accused Jerald Aloof of unsuitability, fraud, and breach of fiduciary duty. This case was settled for $40,000.

Oakes & Fosher represents investors on a nationwide basis. If you, or someone you know, have lost money investing with Jerald Aloof, please contact Oakes & Fosher for a free and private consultation.