Tag Archives: Aegis Capital Corp. investigation

Malcolm Segal-Former Aegis Capital Broker-Sentenced to 126 Months on Ponzi Scheme

June 25, 2016-Philadelphia

Former Aegis Capital Corp. stock broker Malcolm Segal, of Langhorne, Pennsylvania, and Boynton Beach, FL, was sentenced to 126 months in prison in connection with a Ponzi scheme. In addition he was ordered to pay $3 million in restitution.

Segal fraudulently sold CDs to his clients claiming that they would earn more than FDIC-insured CDs. Link to SEC press release for more details.

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

Sean W. Mollard-Former Dawson James Broker-Discloses $1M Customer Dispute

Boca Raton, Florida

UPDATE APRIL 2017-FINRA records indicate that FINRA arbitration 16-0849, described below, was settled in February 2017 for $295,000.

ORIGINAL POST JUNE 2016

According to FINRA records,  Sean W. Mollard   a stockbroker  who  is currently employed by Westpark Capital, Inc. , discloses a pending customer dispute. He also discloses a final regulatory event .

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 currently pending FINRA Case 16-000849, a customer while Mollard was employed by Dawson James Securities,  alleges damages of $1,000,000 for failure to follow instructions, material misrepresentations and omissions, excessive trading and commissions, unauthorized trading, unsuitable recommendations and breach of contract.

In 2014, Mollard was fined $5,000 and suspended for six months.  These sanctions were imposed to resolve FINRA allegations that Mollard failed to timely respond to FINRA requests for information and documents. It was not until FINRA issued a Notice of Suspension to Mollard that he responded to the requests. FINRA Case#2012034500102.

According to FINRA records Mollard has been registered with Westpark Capital since 9/2014.. His previous registration history includes:
7/2013-12/2013 Aegis Capital 
5/2007-9/2012 Dawson James Securities
8/2006-5/2007 Chicago Investment Group

If you have questions about an account handled  by Sean W. Mollard, call for a no charge consultation.

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

Thomas Tedeschi-Former Aegis Capital Broker-Named in Customer Dispute

UPDATE APRIL 2017-In October 2016 Thomas Tedeschi was suspended for a week for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

ORIGINAL POST -April 2016– Hauppauge, NY

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.

FINRA records are public and can be accessed on the BrokerCheck website. 

The FINRA records of Thomas J. Tedeschi report that he settled claim brought by a customer of Aegis Capital Corp. in 2015 who alleged damages of $117,102 for unauthorized purchases . The case settled for $60,000.

FINRA records indicate that Tedeschi has been registered with Joseph Stone Capital since 8/2014. Prior to that he was registered with Blackbook Capital 6/2014-9/2014 and with Aegis Capital Corp 7/2011-5/2014.

If you have losses in an account handled by Thomas Tedeschi, and believe that your account was mishandled, 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

Alan Z. Appelbaum Investigation-Former HJ Sims Broker-Boca Raton

March 31, 2016-Boca Raton, FL

We have filed an arbitration with the Financial Industry Regulatory Authority (FINRA) against H.J. Sims & Co. on behalf of a local resident who alleges that Alan Z. Appelbaum, while employed by H.J. Sims, mishandled her account, causing her significant losses to her retirement nest egg.

The FINRA records of Alan Z. Appelbaum disclose that he has been named in 7 regulatory events and 11 customer disputes. Four of the customer disputes (including the case of our client) are still pending.

The pending customer disputes include:

  • Complaint 8/15/2015-Client alleges unsuitable product and churning while Appelbaum was employed by H.J. Sims. Damages $200,000.
  • FINRA Case 14-2442-Client alleges breach of fiduciary duty, failure to supervise, violation of FINRA/NASD rules while Appelbaum employed by H.J. Sims. Damages $350,000.

Alan Appelbaum’s employment history, per FINRA, is as follows:

  • 6/2015-present                            Aegis Capital Corp.
  • 6/2002-6/2015                             H.J. Sims & Co. 

If you have losses in an account handled by Alan Appelbaum, call to speak with an experienced securities attorney and learn how you may be able to collect damages from Appelbaum’s employer.

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