{"id":10420,"date":"2022-01-31T09:41:34","date_gmt":"2022-01-31T14:41:34","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10420"},"modified":"2022-09-06T12:20:33","modified_gmt":"2022-09-06T16:20:33","slug":"former-aegis-broker-alan-appelbaum-subject-of-18-disclosures","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/","title":{"rendered":"Alan Appelbaum \u2013 Aegis Capital Corporation"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10421 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Alan-Appelbaum.jpg\" alt=\"Alan Appelbaum (Alan Zelig Appelbaum, CRD#: 500336) is a previously-registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office. Appelbaum previously worked for Herbert J. Sims &amp; Co. Inc., Ryan, Beck &amp; Co., LLC, Gruntal &amp; Co., LLC, and several other firms. He had been in the industry since 1976. Aegis Financial In Boca Raton, Florida FINRA recently ordered Aegis Capital Corp. to Pay $1.7 Million in restitution to customers whose accounts were excessively and unsuitably traded commonly referred to as churning. Also, two supervisors were fined and a supervisor was suspended for failing to respond to red flags and a financial advisor was sanctioned. Excessive trading frequently leads to customer losses because the fees and commissions reduce the principal value of the account and requires even greater profits for the investor to break even. Aegis has been the subject of multiple securities arbitration claims involving allegations of excessive trading, churning and unsuitable recommendations. Alan Appelbaum \u2013 Boca Raton Florida- Aegis Financial Appelbaum has 18 disclosures on his publicly-available FINRA BrokerCheck report, including 14 customer disputes: May, 2021: A customer dispute alleged unsuitable investments and requested $550,000 in damages. The dispute is pending as of this writing.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Alan-Appelbaum.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Alan-Appelbaum-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Alan Appelbaum (Alan Zelig Appelbaum, CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/500336\" target=\"_blank\">500336<\/a>) is a previously registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office. Appelbaum previously worked for Herbert J. Sims &amp; Co. Inc., Ryan, Beck &amp; Co., LLC, Gruntal &amp; Co., LLC, and several other firms. He had been in the industry since 1976. <a href=\"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/#more-10420\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alan Appelbaum (Alan Zelig Appelbaum, CRD# 500336) is a previously registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office. Appelbaum previously worked for Herbert J. Sims &amp; Co. Inc., Ryan, Beck &amp; Co., LLC, Gruntal &amp; Co., LLC, and several other firms. He had been in the industry since [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[588,580],"tags":[],"class_list":["post-10420","post","type-post","status-publish","format-standard","hentry","category-finra-arbitration","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alan Appelbaum \u2013 Aegis Capital Corporation &#8212;<\/title>\n<meta name=\"description\" content=\"Alan Appelbaum is a previously-registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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previously-registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/","twitter_card":"summary_large_image","twitter_title":"Alan Appelbaum \u2013 Aegis Capital Corporation &#8212;","twitter_description":"Alan Appelbaum is a previously-registered broker who last worked for Aegis Capital Corp. in their Boca Raton, FL office.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Alan-Appelbaum.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Alan Appelbaum \u2013 Aegis Capital Corporation","datePublished":"2022-01-31T14:41:34+00:00","dateModified":"2022-09-06T16:20:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/"},"wordCount":1547,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/former-aegis-broker-alan-appelbaum-subject-of-18-disclosures\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/Alan-Appelbaum.jpg","articleSection":["FINRA 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