August 2016-Melville, New York
The FINRA records of Jonathan E. Rago , a stock broker who is not currently registered but was last employed by Aegis Capital Corp. , disclose a pending customer dispute and two prior regulatory events.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the pending dispute , FINRA Case# 15-2865, a customer of his prior employer, Aegis Capital, alleges damages of $29,806 for unsuitablity and churning from June 2014 to the present.
In 3/2016 Arkansas securities regulators suspended Rago for one year. According to FINRA records, Rago made a cold call recommending the purchase of stock in Himax Technologies. Unbeknownst to Rago was the fact that he had called a senior securities examiner of the Arkansas Securities Department. Arkansas regulators alleged that Rago failed to conduct a proper suitability analysis prior to recommending the stock for purchase. Rago had previously been sanctioned by Arkansas regulators in 2014.
Rago was employed by Aegis Capital from 6/2014-4/2016 . He was with Craig Scott Capital from 5/2013-7/2014.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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