The Financial Industry Regulatory Authority (FINRA), the Securities and Exchange Commission (SEC) and The Financial Crimes Enforcement Network (FINCEN) are investigating broker-dealer Aegis Capital. According to a recent InvestmentNews article, the filing did not state why Aegis Capital was being investigated. The report was filed at the end of January. The firm has 16 branches, with the majority of them in the New York City or Melville, Long Island area. In August 2015, the company settled with FINRA, agreeing to pay $950,000 over allegations of improper sales of billions of shares of unregistered penny stocks and anti-money-laundering supervisory lapses. Two chief compliance officers of the firm were suspended and fined over the charges. During this time, the firm’s president and CEO, Robert Eide, was suspended for 15 days and fined $15,000 for failing to disclose more than $640,000 in outstanding liens. If you invested money with Aegis Capital, you may be able to recover those losses by calling our law firm at 312-332-4200 and speaking to an attorney for free. There is no obligation. We may be able to bring a claim against the firm for losses. We sue firms in the FINRA arbitration forum.
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