UPDATE MAY 2017-FINRA Case 13-3289 alleging churning, unsuitable use of margin and poor recommendations was settled for $390,000.
ORIGINAL POST August 2016–
The FINRA records of Joe M. Pazmino , a stock broker who is currently employed by Aegis Capital Corp. , disclose 2 pending customer disputes and 7 outstanding judgment/liens.
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. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In pending FINRA Case# 15-03360, a customer of Aegis Capital alleges damages of $500,000 for unsuitable investment recommendations and excessive trading from March 2010 to the present.
In pending FINRA Case# 13-03289, a customer of Aegis Capital alleges damages of $250,000 for churning, unsuitable use of margin and poor recommendations. SETTLED SEE UPDATE ABOVE.
Pazmino discloses 7 outstanding tax liens, including two to the Internal Revenue Service, one in the amount of $110,629 and another in the amount of $119,961.
Pazmino has been employed by Aegis Capital Corp. since 3/2010.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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