Last Updated: May 2025, Melville, NY
Eyal Farag Investigation Summary
Here’s what you need to know about stockbroker Eyal Farag from Melville, NY:
- Name: Eyal Farag
- CRD Number: 3072211
- Current Employer: Not registered at this time with any FINRA firm
- Prior Employers:
- Aegis Capital Corp (09/2014 – 01/2023)
- National Securities Corporation (10/2010 – 09/2014)
- Westrock Advisors, Inc. (11/2002 – 10/2010)
- Function: Stockbroker / Financial Advisor
- Aliases: Al Farag, Alan Farag
- Primary Location: Melville, NY
- Can He be Sued in FINRA Arbitration: Yes
- Sanctioned by Securities Regulator: Yes
- Employment Separation after Allegations: Yes
- Outstanding Judgement/Liens: Yes
- Highest Settlement or Award: $40,000
- Pending Customer Dispute Seeks Damages of Unspecified Amount
If you’ve sustained damages from Mr. Farag, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Eyal Farag?
In 2001 Farag was sanctioned denied registration by the State of Wisconsin for failure to respond to requests for disciplinary information (Case #: S-01213-LX).
A dispute filed by a customer of Aegis Capital is pending in FINRA arbitration, alleging that Farag made unsuitable investment recommendations and breached his fiduciary duty. Damage amount is not yet specified in this currently pending matter.
In 2024 a customer of Aegis Capital was paid $40,000 to resolve allegations that Farag churned their account and breached his fiduciary duty.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Farag voluntarily resigned from a prior firm after an internal investigation revealed that he used unauthorized sales materials during sales presentations.
Allegations of Broker Misconduct Against Eyal Farag
The following issues have been raised by customers against Eyal Farag:
- Churning
- Breach of Fiduciary Duty
- Unauthorized Trading
Other Cases Involving Unauthorized Trading
FINRA’s Rule 2111, which governs suitability, may be relevant to the allegations regarding unsuitable investment recommendations and breach of fiduciary duty in this case.
Recover Your Investment Losses Now With Rex Securities Law
See this for information on other investigations of Aegis Capital brokers.
If you have suffered investment losses in an account handled by Eyal Farag, 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.