Last Updated: April 2025 – Metairie, LA
Andrew Galy Investigation Summary
Here’s what you need to know about Metairie, LA, stockbroker Andrew Jon Galy:
- Name: Mr. Andrew Jon Galy
- Current Employer: Not currently registered with any FINRA-member firm
- Prior Employers: Cambridge Investment Research, Inc., AXA Advisors LLC, ING Financial Partners, Inc.
- Function: Stockbroker / Financial Advisor
- Primary Location: Metairie, LA
- CRD Number: 1915564
- Alias: Andy Jon Galy
- Can Andrew Galy be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Employment Separation after Allegations: Yes
- Discloses Outstanding Tax Lien/Judgement: Yes
- Highest Settlement or Award: $37,000
- Pending Customer Dispute: Yes, alleging compensatory damages with unspecified amount. Also seeking punitive damages.
If you’ve sustained damages from Mr. Galy, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Andrew Galy As Your Stockbroker?
Andrew Galy has been involved in multiple customer disputes alleging unsuitable investment recommendations, fraud, misrepresentation, and failure to adequately disclose investment risks.
In 11/2022 a customer of Cambridge Research was paid $23,000 to resolve allegations that Galy made recommendations to invest in direct investments, limited partnerships, oil and gas investments and real estate securities, a plan that was not consistent with the customer’s overall profile since the strategy was almost entirely comprised of high-risk speculative and illiquid investments.
IN 2/2004 a customer of prior employer Sisung Secuities was paid $37,000 to resolve allegations that Galy recommended unsuitable high yield junk bonds and failed to adequately advise of the risks of trading on margin.
In FINRA arbitration (Case #96-00874), Galy was found liable, along with his employer Dickinson & Co., for actual damages totaling $10,150, plus interest.
In a recent FINRA arbitration filed in August 2024 (Case #24-01746), customers of Cambridge Research allege that Galy recommended investments primarily for the purpose of generating high commissions and fees, depriving them of reasonable returns through a properly diversified portfolio. The arbitration is currently pending, and the total requested damages, although no amount is yet been specified, include compensatory and punitive damages, attorney fees, and costs.
In 12/2022 Galy was “permitted to resign” from Cambridge Research after the firm discovered that he and/or his office altered client account paperwork and reused client account signature pages.
Galy discloses a currently outstanding lien in favor of the Internal Revenue Service in the amount of $99,527 filed in Federal Court in New Orleans, LA, in 9/2016.
Allegations of Broker Misconduct Against Andrew Galy
Customers and a former employer of Andrew Galy have alleged serious misconduct, including:
- Unsuitable investment recommendations
- Altering client paperwork
- Reusing client account signature pages
- Recommending investments primarily for the purpose of generating commissions
- Failure to adequately advise on risks of utilizing margin borrowing
Investigations Involving Misuse of Margin Borrowing
Investigations involving forgery by financial advisors
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Cambridge Investment Research brokers
If you have suffered investment losses in an account handled by Andrew Jon Galy, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.