Last Updated: April 2025 | Melville, NY
Aret Gugin Investigation Summary
Here’s what you need to know about Melville, NY, stockbroker Aret Gugin:
- Name: Aret Gugin
- Current Employer: Aegis Capital Corp.
- CRD Number: 2731291
- Function: Stockbroker / Financial Advisor
- Primary Location: Melville, NY
- Alias: Eric Gugin
- Can Aret Gugin be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Highest Award of Settlement: $75,000
- Pending Customer Dispute Seeks Damages of: $500,000
If you’ve sustained damages from Mr. Gugin, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Aret Gugin As Your Stockbroker?
Aret Gugin is currently facing a pending FINRA arbitration claim alleging unsuitable investment recommendations and misrepresentation in an alternative investment product.
Pending Complaint Details:
- Filing Date: December 10, 2024
- Forum: FINRA – Wichita, KS
- Case #: 24-02600
- Time Period Involved: February 15, 2019 – Present
- Allegations:
- Unsuitable investment recommendation
- Misrepresentation and omission of material facts
- Product Type: Alternative Investments
- Alleged Damages: $500,000
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Settled Case:
- Filing Date: May 17, 2022
- Forum: FINRA – Memphis, TN
- Case #: 22-01063
- Allegations: Negligence and breach of fiduciary duty in equity-listed securities
- Settlement Amount: $75,000
Allegations of Broker Misconduct Against Aret Gugin
Clients have accused Aret Gugin of multiple violations involving both equity securities and alternative investments:
- Unsuitable Investment Recommendations
In the pending 2024 case, the client alleges the broker recommended an alternative investment that did not match their risk profile. This could constitute a violation of FINRA Rule 2111, which requires recommendations to be suitable for the investor’s objectives and financial situation.
- Misrepresentation and Omission of Material Facts
The claim also includes allegations of failing to disclose material facts. If substantiated, this may violate FINRA Rule 2020, which prohibits manipulative or fraudulent conduct in securities transactions.
- Negligence and Breach of Fiduciary Duty
In the 2022 settled case, the client claimed Mr. Gugin failed to meet his fiduciary obligations and was negligent in managing the account.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Aegis Capital and Aegis Capital Brokers-Lawsuits, Arbitrations & Disputes
If you have suffered investment losses in an account handled by Aret Gugin, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.