Tampa, Florida
JULY 2017 UPDATE– Kenneth L. Jones refused to appear before FINRA for on the record testimony in connection with an investigation of the circumstances related to his termination from Aegis Capital (see below) and of certain bond trades that Jones performed while registered with Aegis. Without admitting or denying the findings made by FINRA , Jones agreed to a permanent bar from the securities industry.
MAY 2017 UPDATE-FINRA records report that Kenneth L. Jones was discharged from Aegis Capital in May 2017. Aegis made the following allegation on his FINRA record: “Terminated while under investigation for failure to disclose outside business activity.”
ORIGINAL POST July 2016
The FINRA records of Kenneth L. Jones , a stock broker currently employed by Aegis Capital Corp. , disclose a pending customer dispute and 4 prior final customer disputes.
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 currently pending matter, FINRA Case#16-0668 , a customer of Aegis Capital alleges damages of $190,910 for unsuitable investment recommendations (oil & gas, real estate security, RMBS) and breach of fiduciary from September 2014-August 2015.
Jones has been employed by Aegis Capital since 3/2010.
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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