Aegis Sued By Investors For Breach Of Fiduciary Duty

Thomas Duggan of Melville New York a stockbroker currently employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim where the customer sought $80,000.00 in damages founded on accusations that (1) unfounded statements had been made about investments by the stockbroker (2) contractual obligations were not complied with and (3) fiduciary duties were breached during the time that Duggan was associated with Aegis Capital Corp. FINRA Arbitration No. 19-00045 (Jan. 2, 2019).

This is not the first time that Duggan has been subject of a dispute from an investor. Specifically, Duggan is referenced in a customer initiated investment related arbitration claim which was settled to resolve allegations of unauthorized purchases and sales of equities being executed in the customer’s account when Duggan was employed by Investec Ernst Company.

Duggan has been registered with Aegis Capital Corp. since January 29, 2016.