Tag Archives: Aegis Capital Corp. complaint

Dominick J. Diorio, Jr.-Aegis Capital Broker-Discloses Settlement of Customer Suit-Melville, NY

June 2018-Melville, New York

The FINRA records of Aegis Capital Corp. broker Dominick J. Diorio, Jr. disclose a pending customer dispute and two prior 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 FINRA Case 17-2321 a customer of Aegis Capital residing in Florida alleged that from 12/2012-7/2017 Diorio engaged in unsuitable investment strategy involving real estate securities and alternative investments. The case was settled in 5/2018 for $837,500.

In currently pending FINRA Case 18-408 a customer of Aegis Capital alleges that Diorio made unsuitable investment recommendations and traded the account without authority. The customer is seeking damages of $769,690.

Dominick has been employed by Aegis Capital since 7/2011.

If you have questions about an account handled by Dominick Diorio, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Aegis Capital Corp. Discloses 30 Regulatory Sanctions-Dallas, TX

Aegis Capital Corp. discloses 30 prior regulatory events on their FINRA records, including the following:

  • March 2018-The US Securities and Exchange Commission  (SEC) instituted  cease and desist proceedings against Aegis for alleged failures in their supervisory procedures related to detection of suspicious activities and violations of Exchange Act rules. Aegis as assessed a $750,000 fine.
  • March 2018-Aegis was assessed a fine of $550,000 by the SEC for supervisory failures related to penny stock transactions.

Aegis Capital Corp. was formed in 1984 and is headquartered in New York. They are licensed to sell securities in 53 States and Territories. While most of their offices are located on the East Coast in Connecticut, Florida, New Jersey and New York, they also have offices in other locations, including Dallas, Texas, and Portland, OR.

If you have questions about an account with Aegis Capital Corp. call for a no charge consultation to discuss your options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

John Fenimore-Former Aegis Capital Broker-Discloses Customer Disputes Alleging Unsuitable Use of Margin-Hauppauge, NY

April 2017- Hauppauge, NY

The FINRA records of  John David Fenimore ,  a  former Aegis Capital stockbroker who is currently not registered disclose a pending customer dispute and a prior customer dispute that has been settled.

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 pending FINRA Case 14-01293 a customer of Aegis Capital Corp alleges damages of $250,000 for breach of contract, unsuitable recommendations, excessive trading and unsuitable use of margin for period of January 2010-April 2014.

In a previous case, FINRA #13-01747, a customer of Aegis Capital alleged damages for recklessly and without due diligence trading speculative securities , stock shorting and excessive use of margin. That case was settled in 5/2014 for $210,000.

 

John Fenimore  was employed by Joseph Stone from 10/2014-5/2015 and with Aegis Capital Corp. 2/2010-7/2014. He is not currently employed as a broker.

If you have losses in an account in an account handled by John Fenimore  , contact us to discuss how you may be able to recover damages for those losses.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Gary Edward Morse-Former Celadon Financial Group Broker-Discloses Tax Liens-Boca Raton, FL

MARCH 2018 UPDATEGary E. Morse left Celadon Financial Group 8/2017 and is currently registered with Precision Securities. His FINRA records disclose  currently  outstanding liens owed to the Internal Revenue Service which total more than $2.5 million.

April 2017- Boca Raton, FL

According to publicly available records Gary Edward Morse  , (CRD# 1793348) ,  a  stockbroker who is currently registered with Celadon Financial Group  discloses a pending   financial event and an outstanding judgment/lien.

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.

Morse discloses the filing of a chapter 7 bankruptcy in June 2016 in the U.S. Bankruptcy Court for the Southern District of Florida.

Morse also discloses an outstanding lien in the amount of $186,760 in favor or the Internal Revenue Service.

Gary Morse’s prior employment includes Livingston Monroe Capital GroupAegis Capital Corp. and Dawson James Securities.

Celadon Financial Group has been a FINRA member since 1994 and is headquartered in Chatham, New Jersey. They have locations in New York City, Washingtonville, New York, Boca Raton, FL, Pompano Beach, FL and Shrewsbury, New Jersey. 

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Aegis Capital Corp. Discloses Investigation by FINRA, SEC & FINCEN

March 2017-New York

According to publicly available records filed with the Securities & Exchange Commission, Aegis Capital Corporation is being investigated by three regulatory agencies:

  • FINRA-The Financial Industry Regulatory Authority
  • SEC-Securities & Exchange Commission
  • FINCEN-Treasury Department’s Financial Crimes Enforcement Network

The disclosure was recently made in Note 8 to the Annual Audited Report, Form X-17A-5, filed by Aegis Capital with the SEC, located on page 11 of the following document:

 

Aegis Capital Corp. is headquartered in New York and has over 400 registered representatives.

Aegis discloses 26 prior regulatory events. In an August 2015 settlement with FINRA, Aegis agreed to a fine of $950,000 to resolve allegations of improper sales of billions of shares unregistered penny stocks and failure to supervise anti-money laundering charges. More recently, in March 2017, Aegis paid a fine of $52,000 and was ordered to make restitution and disgorgement to resolve allegations that the firm’s supervisory procedures were insufficient.

If you have questions about an investment account at Aegis Capital Corporation, call to discuss your options.

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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870