Articles Posted in Churning

Terms of a recent letter of Acceptance, Waiver, and Consent (AWC) that Aegis Capital Corp. submitted to FINRA require the New York-based broker-dealer to repay customers for alleged rule violations related to churning or excessive trading in customer accounts. Aegis was also ordered to pay monetary sanctions, and the AWC…

Joseph La Scala (Joseph Brian La Scala CRD# 3070261) is a registered broker and a previously registered investment advisor whose current employer is Aegis Capital Corp. (CRD#: 15007) of Melville, NY. His previous employers include Paulson Investment Company, Inc. (CRD#:5670), Gunnallen Financial, Inc. (CRD#:17609) of Hauppauge, NY, and Investec Ernst…

Douglas Rosenberg and Adam Maggio, brokers who currently work for and previously worked for Joseph Stone Capital, respectively, have been suspended. Both have been accused of churning accounts by customers. Douglas Rosenberg Douglas Rosenberg (Douglas Jarrett Rosenberg CRD# 3214215) is a registered broker currently registered with Joseph Stone Capital L.L.C.…

Todd Kling (Todd Franklin Kling CRD# 3034284) is a currently registered broker and investment advisor employed with Joseph Stone Capital L.L.C. (CRD#: 159744) in New York, NY. His previous employers include Royal Alliance Associates, Inc. (CRD#:23131), First Midwest Securities, Inc. (CRD#:21786), and FMSI Advisers (CRD#:21786), also of New York, NY.…

Joseph Fedorko (Joseph Michael Fedorko CRD#] 2007317) is a previously registered broker whose last known employer was Laidlaw & Company (UK) LTD. (CRD#:119037) of Greenwich, CT. His previous employers include Oppenheimer & Co. Inc. (CRD#:249) of Stamford, CT, Josephthal & Co., Inc. (CRD#:3227) and Gruntal & Co., L.L.C. (CRD#:372), both…

Robert Anthony Guidicipietro (CRD#: 1588069, aka “Robert A. Peters”) is a currently registered broker and investment advisor employed at Alexander Capital, L.P. (CRD#: 40077) of New York, NY. His previous employers include Arive Capital Markets (CRD#:8060) of Bay Ridge, NY, Aegis Capital Corp. (CRD#:15007), Holmdel, NJ, and Obsidian Financial Group,…

Silver Law Group is currently suing a Long Island-based brokerage firm, which recently went out of business, on behalf of an elderly client who alleges his account was used by the firm’s brokers to generate over $200,000 in commissions via unapproved trades. The so-called churning scheme took place over a…

If you’ve lost money with Aegis Capital Corp. Silver Law Group may be able to help you recover your losses. To discuss how your account was handled, contact us today for a no-cost consultation at 954-755-4799 or by email at ssilver@silverlaw.com. Aegis Capital Corp. is a FINRA (Financial Industry Regulatory…

Aegis Capital Corp. recently submitted a Letter of Acceptance, Waiver, and Consent (AWC) to settle claims with the Financial Industry Regulatory Authority (FINRA) over alleged rule violations regarding churning customer accounts. Aegis is a brokerage and investment adviser firm based in New York City that has been a FINRA member…

Kishan Parikh (CRD#:5506554, aka “Sean Parikh”) is a previously registered broker whose last employer was Aegis Capital Corp. (CRD#:15007) of New York, NY. His previous employer was Max International Broker/Dealer Corp. (CRD#:46039), also of New York City, was expelled by FINRA on 1/29/2013. He has been in the industry since…