Last Updated: March 2025 | Melville, NY
Thomas Duggan Investigation Summary
Here’s what you need to know about Melville, NY, stockbroker Thomas Duggan:
- Name: Mr. Thomas Duggan
- Current Status: Not currently registered
- Prior Employers:
- Aegis Capital Corp. (01/2016 – 05/2022)
- Maxim Group LLC (10/2002 – 02/2016)
- Investec Ernst & Company (10/1999 – 10/2002)
- Royce Investment Group, Inc. (06/1996 – 10/1999)
- Function: Stockbroker / Financial Advisor
- DBA: Fincadia Wealth Management, Fincadia Capital Partners
- Primary Location: Melville, NY
- CRD Number: 2757615
- Can Thomas Duggan be sued in FINRA arbitration? Yes
- Sanctioned by FINRA? No
- Prior Customer Disputes: Yes, more than $1.4 million paid to prior customers.
- Pending Customer Dispute Seeks Damages of:Unspecified amount
If you’ve sustained damages from Mr. Duggan, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Thomas Duggan As Your Stockbroker?
Thomas Duggan has been involved in multiple customer disputes.
- Pending Case Details:
- Docket Number: 24-02199
- Filing Date: October 14, 2024
- Allegations: Breach of fiduciary duty and breach of contract
- Arbitration Forum: FINRA, San Francisco, CA
- Damages Sought: unspecified at this time
Notable Past Settlements:
- Settlement 1:
- Allegation: Excessive trading, unsuitable trading strategy, fraud, negligence
- Settled: 10/2023
- Settlement Amount: $600,000
- Settlement 2:
- Allegation: Unsuitable investments, breach of fiduciary duty
- Settled: 5/2024
- Settlement Amount: $575,000
- Settlement 3:
- Allegation: Fraud, gross negligence, elder abuse
- Settled: 4/2021
- Settlement Amount: $145,000
What is Excessive Trading (Churning)?
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
Allegations of Broker Misconduct Against Thomas Duggan
Customers and regulators have reported the following allegations against Thomas Duggan:
- Excessive Trading & Churning:
- Fraud & Misrepresentation:
- Elder Financial Abuse:
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 Thomas Duggan, 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.