August 2016-Melville, New York
The FINRA records of Rick J. Sande , a stock broker who is currently employed by Aegis Capital , disclose a pending customer dispute and a prior final customer dispute.
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 the pending FINRA Case#16-0470 , a customer of Aegis Capital alleges damages of $80,000 for breach of fiduciary duty,churning and unsuitable trading from January 2012-May 2013.
In an earlier dispute, FINRA Case#9-4934, a customer of GunnAllen Financial alleged damages of $375,000 for churning, unsuitable trades and unauthorized trading. That case was settled for $71,125.
Sande has been employed by Aegis Capital since 2/2010. Prior to that he was employed by GunnAllen Financial.
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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