Last Updated: April 2025 — Timonium, MD
Here’s what you need to know about Timonium, MD stockbroker Gilbert Anthony Kuta:
- Name: Gilbert Anthony Kuta
- Current Employer: Aegis Capital Corp. (CRD# 15007)
- Prior Firms: Capitol Securities Management, RBC Capital Markets, Ferris Baker Watts, Lehman Brothers, PaineWebber, Merrill Lynch
- Function: Stockbroker / Financial Advisor
- Primary Location: Timonium, MD
- DBA: The Kuta Group
- CRD Number: 1084075
- Sanctioned by FINRA: Yes
- Can Gilbert Kuta be sued in FINRA arbitration: Yes
- Highest Settlement or Award: $270,000
- Employment Termination after Allegations: Yes
If you’ve sustained damages from Mr. Kuta, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Gilbert Kuta As Your Stockbroker?
Twelve customer complaints have been filed against Gilbert Kuta, a broker currently with Aegis Capital Corp., primarily based in Timonium, Maryland.
Recently, on August 13, 2024, in FINRA arbitration case #24-01741, a customer alleged excessive and unsuitable trading and poor performance, leading to a $100,000 settlement. Prior disputes include a $270,000 settlement from 2012 in case #11-01372, and a $60,000 settlement in 2007 related to discretionary trading and high commissions.
Kuta was sanctioned by FINRA in 2021 for exercising discretion in client accounts without prior written authorization, resulting in a $5,000 fine and a 10-business-day suspension. Kuta discloses 3 other regulatory sanctions during his career.
Solicited vs Unsolicited Trades
Other Cases Involving Unauthorized Trading
Discretionary vs. Non-Discretionary Accounts
Allegations of Broker Misconduct Against Gilbert Kuta
Clients of Gilbert Kuta have alleged serious misconduct over his decades-long career.:
Customer Disputes (Settled)
- 2025: $19,000 settlement over excessive and unsuitable trading of equities.
- 2024: $100,000 settlement related to trading abuses and poor performance.
- 2024: $45,000 settlement regarding discretionary and unsuitable trading during COVID bear market.
- 2014: $22,500 total settlement split between Capitol Securities and RBC, over claims including churning, unsuitable investments, and excessive commissions.
- 2012: $270,000 settlement in arbitration alleging excessive trading of unsuitable equities.
- 2007: $60,000 settlement related to misuse of discretion and unsuitable strategy involving mutual funds.
- 1992: Allegation of unauthorized trades resolved with trades reversed, no monetary damages.
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Customer Disputes (Denied or Closed with No Action)
- 2024: Client claimed unauthorized trades; firm canceled trades and deemed them authorized.
- 2016: $60,000 loss claim denied; broker argued transactions were authorized and suitable.
- 2009: Municipal bond maturity issue—denied.
- 2008: $250,000 claim over strategy and commissions—denied.
- 2002: $22,000 municipal bond misrepresentation—denied.
Termination Disclosure
- 1993 (Smith Barney Shearson): Permitted to resign after reimbursing a client $1,500 personally for a trade loss, without firm approval—an inappropriate action under firm policy.
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 Gilbert Anthony Kuta, 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.