Aegis Capital fraud lawyer

Former financial advisor Keith Dagostino (Dagostino), formerly employed by brokerage firms Aegis Capital Corp (Aegis) and EF Hutton LLC (EF Hutton) has been subject to at least 18 customer complaints during the course of his career. According to a BrokerCheck reports most of the recent customer complaints concern either equity securities and initial public offering securities (IPOs). The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of investments.

In August 2024 a customer complained that Dagostino violated the securities laws by alleging that Dagostino recommended unsuitable investment strategy and breach of fiduciary duty. The claim alleges $1 million in damages and is currently pending.

In August 2024 a customer complained that Dagostino violated the securities laws by alleging that Dagostino mishandled and IPO transaction and the Claimant seeks a return of the funds. According to the broker comment this matter involves the initial public offering of Veg House which EF Hutton negotiated for Claimant’s securities purchase agreement with PlantX for the Veg House shares. The claim alleges $1 million in damages and is currently pending.

The law offices of Gana Weinstein LLP are currently investigating claims against broker Nick Son (Son), currently associated with Aegis Capital Corp. (Aegis) out of New York, New York. According to a BrokerCheck report, Son has been subject to at least seven customer disputes during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Son’s customer complaints concern allegations of unauthorized trading, unsuitable investments, and misrepresentations among other claims.

In February 2018 a customer filed a complaint alleging that Son violated the securities laws by making unauthorized trading and unsuitable investment recommendations. The customer requested $224,968 in damages. The dispute is currently pending.

In April 2016 a customer alleged that in March 2016, Son engaged in high pressure sales tactics and misrepresentations causing $65,984 in damages. The claim was denied.

Advisors are not allowed to engage in unauthorized trading. Such trading occurs when a broker sells securities without the prior authority from the investor. All brokers are under an obligation to first discuss trades with the investor before executing them under NYSE Rule 408(a) and FINRA Rules 2510(b). These rules explicitly prohibit brokers from making discretionary trades in a customers non-discretionary accounts. The SEC has also found that unauthorized trading to be fraudulent nature because no disclosure could be more important to an investor than to be made aware that a trade will take place.

Articles Tagged with Aegis Capital fraud lawyer

Keith Dagostino Subject to Over A Dozen Customer Complaints

Broker Nick Son Subject to Complaints Over Unauthorized Trading