{"id":10665,"date":"2022-05-24T09:24:56","date_gmt":"2022-05-24T13:24:56","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10665"},"modified":"2022-05-24T09:24:56","modified_gmt":"2022-05-24T13:24:56","slug":"finra-orders-aegis-capital-corp-to-repay-certain-customers","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-orders-aegis-capital-corp-to-repay-certain-customers\/","title":{"rendered":"FINRA Orders Aegis Capital Corp. To Repay Certain Customers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10303 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/12\/Aegis-Capital-Corp..jpg\" alt=\"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 settled the claims, and Aegis does not admit or deny FINRA\u2019s findings.  \u00a0The AWC states that restitution is to be paid to certain customers \u201cin the total amount of $1,692,256.44.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/12\/Aegis-Capital-Corp..jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/12\/Aegis-Capital-Corp.-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>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 <a href=\"https:\/\/www.silverlaw.com\/excessive-trading-churning.html\" target=\"_blank\">churning or excessive trading<\/a> in customer accounts.<\/p>\n<p>Aegis was also ordered to pay monetary sanctions, and the <a href=\"https:\/\/www.finra.org\/sites\/default\/files\/fda_documents\/2016051704305%20Aegis%20Capital%20Corp.%20CRD%2015007%20AWC%20jlg.pdf\" target=\"_blank\">AWC<\/a> settled the claims, and Aegis does not admit or deny FINRA\u2019s findings.  <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-orders-aegis-capital-corp-to-repay-certain-customers\/#more-10665\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 settled the claims, and Aegis [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,577],"tags":[],"class_list":["post-10665","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-finra-disciplinary-actions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FINRA Orders Aegis Capital Corp. To Repay Certain Customers &#8212;<\/title>\n<meta name=\"description\" content=\"Terms of a letter of AWC that Aegis Capital Corp. submitted to FINRA require the broker-dealer to repay customers for alleged churning.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-orders-aegis-capital-corp-to-repay-certain-customers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"FINRA Orders Aegis Capital Corp. 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