Aegis Capital Sued By Investors For Unauthorized Trading

Nick Eugene Son of New York New York a stockbroker currently employed by Aegis Capital Corp. is referenced in a customer initiated investment related arbitration claim where the customer sought $224,968.00 in damages supported by allegations that (1) investment recommendations made to the customer were not suitable and (2) unauthorized trades had been executed in the customer’s account while Son was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00408 (Feb. 12, 2018).

FINRA Public Disclosure reveals that Son has been identified in six more customer initiated investment related disputes containing accusations of his violative conduct while employed with securities broker dealers including State Capital Markets Corporation, GunnAllen Financial Inc. and Aegis Capital Corp. Specifically, a customer initiated investment related complaint concerning Son’s conduct was resolved for $14,500.00 in damages founded on allegations that the customer had been sold unregistered over the counter equities in violation of Texas State Securities Act.

Another customer filed an investment related complaint regarding Son’s activities in which the customer requested damages estimated to exceed $5,000.00 based upon accusations that trades were placed in the customer’s account without the customer’s consent during the time that Son was associated with GunnAllen Financial. Then, a customer filed an investment related complaint involving Son’s conduct where the customer sought $18,357.00 in damages supported by allegations that the customer had been placed in over the counter equities that failed to be suitable for the customer given the customer’s risk profile.

Subsequently, a customer filed an investment related complaint concerning Son’s activities in which the customer requested $7,211.00 in damages founded on accusations of the failure to disclose fees on over the counter equities transactions placed in the customer’s account; and trades having been placed on an unauthorized basis while Son was employed by Aegis Capital Corp. Further, Son is the subject of a customer initiated investment related complaint on April 19, 2016 where the customer sought $65,984.66 in damages based upon accusations that the customer had been provided misleading information concerning investments; false statements were made concerning terms, conditions or risks of the investments; and aggressive, inappropriate sales tactics had been used to induce the customer’s stock trades.

Furthermore, a customer filed an investment related complaint regarding Son’s conduct on December 22, 2016 in which the customer requested unspecified damages supported by allegations that bad investment transactions were effected in the customer’s account; and margin had been utilized without the customer’s permission.

Son has been registered with Aegis Capital Corp. since September 11, 2014.