Aegis Capital Corp

Broker Aret Gugin in Aegis Capital Corp. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Aret Gugin (Gugin), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Gugin recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $500,000.00 on December 10, 2024.

Time frame: 02/15/2019 to present. Claimant alleges unsuitable investment recommendation, and misrepresentation and omission of material facts.

Broker Michael Gimeli in Aegis Capital Corp. Firm Has Customer Complaint

February 22, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Gimeli (Gimeli), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Gimeli recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $17,998.62 on December 09, 2024.

Time frame: July 2024 – November 2024. Client alleges unauthorized trades.

There are Recent Customer Complaints with Broker Gilbert Kuta in Firm Aegis Capital Corp.

February 17, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Gilbert Kuta (Kuta), currently associated with Aegis Capital Corp., has at least 3 disclosable events. These events include 3 customer complaints, alleging that Kuta recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $30,000.00 on January 06, 2025.

Client alleges excessive, unsuitable trading, and poor performance of equity securities in her account.

There are Recent Customer Complaints with Broker Alvery Bartlett in Firm Aegis Capital Corp.

February 16, 2025 | by Staff Attorney

Previously financial advisor Alvery Bartlett (Bartlett), previously employed by brokerage firm Aegis Capital Corp. has been subject to at least 4 disclosable events. These events include 3 customer complaints, one tax lien. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements. The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a pending customer complaint on January 13, 2025.

The claimants allege that the Firm and representative failed to make a suitable recommendation and over-concentrated claimants account in alternative investments and private placements from 2010-2016 . The claimants further allege that the Firm and representative misrepresented the investments and induced the claimant to retain the investment and caused them to suffer a loss.

There are Recent Customer Complaints with Broker James Mariani in Firm Aegis Capital Corp.

February 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker James Mariani (Mariani), previously associated with Aegis Capital Corp., has at least 6 disclosable events. These events include 4 customer complaints, 2 regulatory, alleging that Mariani recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 03, 2025.

Respondent Mariani failed 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.

There are Recent Customer Complaints with Broker Michael Fasciglione in Firm Aegis Capital Corp.

February 12, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Fasciglione (Fasciglione), previously associated with Aegis Capital Corp., has at least 10 disclosable events. These events include 7 customer complaints, 3 regulatory, alleging that Fasciglione recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on February 03, 2025.

Respondent Fasciglione failed 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.

Broker Frank Giacalone in Aegis Capital Corp. Firm Has Customer Complaint

February 9, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Frank Giacalone (Giacalone), currently associated with Aegis Capital Corp., has at least one disclosable event. These events include one customer complaint, alleging that Giacalone recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $39,668.33 on May 01, 2024.

Time frame: August 2018 – April 2021. Client alleges unsuitable recommendations and investments.

Broker Keith Michelfelder’s FINRA Registration is Revoked

January 17, 2018 | by Staff Attorney

The securities attorneys at Gana Weinstein LLP are interested in hearing from investors who lost money due to the mishandling of their accounts by broker Keith Michelfelder (Michelfelder).

According to BrokerCheck records, in August 2017, FINRA sanctioned Keith Michelfelder (Michelfelder) for allegedly effecting “at least 16 transactions in the accounts of a member firm customer without having obtained prior written authorization from the customer and written acceptance of the accounts as discretionary by his firm. The findings stated that the firm’s policies prohibited the use of non-firm email addresses to conduct firm business. In 2010 and 2011, Michelfelder signed annual certifications agreeing to use the firm’s domain email only for communications with customers and concerning firm business. Nevertheless, during July 2012, Michelfelder knowingly used a non-firm email address to communicate with the above customer.” Michelfelder was fined $10,000 and was suspended for 60 days. In November 2017, Keith’s FINRA registration was revoked for failure to pay fines.

In August 2012, a customer alleged he discovered numerous unauthorized trades in his account. The customer was granted an award of $702,037.

INVESTOR WARNING: Broker Malcolm Segal is the Subject of Multiple Customer Complaints and Regulatory Actions

April 28, 2017 | by Staff Attorney

The securities and investment lawyers of Gana Weinstein LLP are investigating customer complaints filed with the Financial Industry Regulatory Authority (FINRA) against broker Malcolm Segal (Segal). According to FINRA’s BrokerCheck record, there are at least 11 disclosures on Segal’s record including customer complaints, multiple regulatory actions, and one employment separation from Aegis Capital Corp. The customer complaints against Segal allege misappropriation of customers’ funds, negligence, breach of fiduciary duty, and breach of contract.

Throughout his career with Aegis, Segal received number customer complaints:

January 2016: Alleging misappropriation of funds and misrepresentation. The damage amount requested is $135,000.00. This complaint is currently pending.

INVESTOR ALERT: Broker David James Mura Subject To Multiple Customer Complaints

April 25, 2017 | by Staff Attorney

The securities and investment lawyers of Gana Weinstein LLP are investigating customer complaints filed with the Financial Industry Regulatory Authority (FINRA) against broker David James Mura (Mura). According to FINRA’s BrokerCheck records for Mura, there are at least 14 disclosures on Mura’s record including customer complaints, multiple regulatory actions, and one employment separation from Aegis Capital Corp. The customer complaints against Mira allege securities law violations that claim unsuitable investments, excessive trading or “churning”, negligence, and breach of fiduciary duty.

The most recent customer complaint against Mura was in August 2014, alleging unsuitable investments, negligence, breach of fiduciary duty, and breach of contract. This claim occurring during Mura’s employment at J.P. Turner & Company. The customer alleged losses of $268,000.00 and the claim settled for the amount of $55,000.00.

In July 2013, another customer complaint was filed with FINRA alleging that Mura of unsuitable investments in private placement exchange-traded funds, negligence, breach of fiduciary duty, and breach of contract. The statement of claim did not specify an amount and the settled for $1,100,000.00.