Last Updated: April 2025, Sarasota, FL
Gerald Seigel Investigation Summary
Here’s what you need to know about Sarasota, FL, stockbroker Gerald Seigel:
- Name: Gerald Warren Seigel
- Current Employer: Aegis Capital Corp.
- DBA: American Legacy Wealth Management
- Prior Employers: JHS Capital Advisors, LLC, Vioni Capital Management, LLC, Ancora Securities, Inc., Citigroup Global Markets Inc., Lehman Brothers Inc., PaineWebber Incorporated, E. F. Hutton & Company Inc., Merrill Lynch, Pierce, Fenner & Smith, Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Gerry Seigel
- Primary Location: Sarasota, FL
- CRD: 418229
- Can Gerald Seigel be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute Seeks Damages of:$100,000 – $500,000
If you’ve sustained damages from Mr. Seigel, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gerald Seigel As Your Stockbroker?
A pending FINRA arbitration (Case #25-00254) filed on February 5, 2025, alleges breach of fiduciary duty, negligence, and breach of contract concerning structured product investments recommended by Gerald Seigel between 2015 and the present. The claimants allege damages between $100,000 and $500,000.
Two other customer disputes were filed and denied by the company. Apparently those customers did not pursue the matters further. Allegations were that Seigel made unsuitable and unauthorized trades and failed to follow instructions resulting in an over purchase of shares of equities.
Allegations of Broker Misconduct Against Gerald Seigel
Customers have alleged the following misconduct against Gerald Seigel:
- Breach of fiduciary duty
- Negligence
- Breach of contract
- Unauthorized trading
- Unsuitable transactions
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.
FINRA Rule 2111- suitability -Regulation Best Interest
FINRA Rule 2111, which requires brokers to recommend suitable investments tailored to individual client profiles, and FINRA Rule 2010, requiring brokers to observe high standards of commercial honor, may be applicable to allegations involving negligence and breach of fiduciary duty.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. Additionally, brokers are required to disclose certain financial matters such as personal bankruptcies, judgments, and liens.
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Gerald Seigel, 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.