Aegis Capital Corp.
Aegis Capital Corp. (Aegis) markets itself as a full service retail and institutional broker-dealer headquartered in New York City.Regulatory Violations
Aegis Capital has been the subject of several regulatory investigations, some which resulted in disciplinary actions by regulators.FINRA Accuses Aegis of Facilitating Alleged Penny Stock Scheme
According to FINRA, from 2009 to 2011, Aegis allegedly failed to identity potentially fraudulent transactions that generated approximately $24.5 million in profits from unregistered penny stocks. $1.1 million in commissions was earned by the firm on these transactions. FINRA said there were multiple signs of suspicious activity that went unreported or undetected by Aegis’ compliance department.
FINRA has long recognized that the penny stock market frequently leads to violations of FINRA rules and regulations. Many brokerage firms use cold callers or aggressive sales tactics to sell penny stocks to its customers.Silver Law Group
Silver Law Group is a nationally recognized securities and investment fraud law firm with Martindale-Hubbell® Peer Review Ratings™ “AV” rated lawyers that handle all securities arbitration matters on a contingency fee basis. The Law Firm, at no cost to investors will review account activity and account statements to determine whether there was any misconduct, whether there are damages and the legal causes of action. We investigate all sales practice violations, while taking into consideration the investor’s age, investment background, and the relationship between the investor and the brokerage firm and its financial advisor. According to securities industry rules and regulations, unsuitable investment advice, securities concentration, fraudulent misrepresentations and omissions of material facts, breach of fiduciary duty, conflicts of interest, variable annuity switching are among the causes of action that may be available to investors in claims for damages against brokerage firms and their financial advisors in a securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA). We represent investors in FINRA arbitration claims on a contingency fee basis.
To learn more call us at (954) 755-4799 or Toll Free at (800) 975-4345