Aegis Capital Corp. is a national brokerage firm. Do you need help to file a claim with the Financial Industry Regulatory Authority (FINRA), to recover Aegis Capital Losses? The Mark Tepper Law Firm can help you fight for the recovery of your investment or retirement losses. Start with a FREE evaluation of your claim by emailing Attorney Mark A. Tepper at askmark@marktepper.com, or telephone him at 954-704-2310.
Aegis Capital has been accused and fined $2.3 million by the SEC and $1.05 million by FINRA for, among other things, failing to supervise unauthorized and excessive trading, as well as unsuitable trading in its customer accounts. Aegis has also been fined for failing to comply with suitability requirements for the sale of leveraged and inverse and inverse-leveraged products in its customer accounts. Aegis Capital was also a significant seller of GWG Holdings’ L-Bonds and other non-traded products.
Inverse and leveraged products include ETFs sponsored by Proshares and Direxion, and mutual funds sponsored by Rydex. Both inverse and leveraged funds as well as ETFs are not suitable for most investors and are designed to be held for extremely short periods of time. Inverse and leveraged funds are extreme bets that the market will go down and are too risky for most retail investors.
“If Aegis Capital either recommended that customers purchase any of these highly leveraged assets or, in response to their concerns, recommended a ‘hold,’ we want to hear from those customers,” attorney Mark A. Tepper, the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities, says.
Courts have ruled that even if you made profits on other transactions with your broker, you are still eligible to file a claim for loss recovery.
The Mark Tepper law firm has a long record of success in cases of recovery for investors, including cases involving brokerage firms that failed to supervise unauthorized and excessive trading, and unsuitable trading in customer accounts.
How to Contact an Attorney Who Will Fight for the Recovery of Your Losses?
If you have an account with Aegis Capital and have questions about unsuitable trading and/or losses in your account, you can get a FREE evaluation of your claim by emailing attorney Mark A. Tepper at askmark@marktepper.com, or telephone him at 954-704-2310.
Time is of the Essence
Your arbitration claim to recover losses should be filed as soon as possible for several reasons. First, many arbitration agreements have a statute of limitations or time limits within which claims must be filed. In FINRA arbitration, claims are eligible up to six years after the initial transaction or recommendation and, in some extreme cases, longer. While exceptions have been made, if you miss this deadline, you may be barred from bringing your claim altogether.
Second, delaying the filing of an arbitration claim can result in the loss of evidence or witnesses, which can weaken your case. Witnesses may forget important details or become unavailable, and evidence may be lost or destroyed.
Third, delaying the filing of an arbitration claim can increase the costs of the proceedings. As time passes, the cost of collecting evidence and preparing the case may increase.
Filing an arbitration claim as soon as possible can help you achieve a timely resolution to your dispute. Arbitration proceedings are typically faster than court proceedings, but they can still take months or even years to complete. By filing your claim as soon as possible, you can expedite the process. The Mark Tepper law firm will be at your side, every step of the way, in the fight to recover your losses.
Brokers often say things to discourage you from filing a claim. Brokerage firms may blame you for your losses, claiming you wanted the transactions or that you acquiesced to their unsuitable recommendations. Don’t be a victim of these delay tactics. Keep in mind that brokers and brokerage firms have a non-dischargeable duty to ONLY make suitable recommendations to their customers.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities. He has earned the reputation of “Investor Advocate” while practicing law for more than 40 years, protecting the rights of investors, shareholders, and consumers. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. He is a member of the Florida, New York, and California Bars.