FINRA, SEC and FINCEN to Investigate Broker-Dealer Aegis Capital

Posted on July 6th, 2017 at 11:56 AM
FINRA, SEC and FINCEN to Investigate Broker-Dealer Aegis Capital

From the Desk of Jim Eccleston at Eccleston Law LLC:

According to a filing by the SEC, Aegis Capital Corp., a mid-sized broker-dealer based in New York City with 415 registered reps, is being investigated by the SEC, FINRA and the Treasury Department's Financial Crimes Enforcement Network (FINCEN).

The filing did not state why Aegis Capital was under investigation but since opening in 1984, the firm has had 27 disclosures on its BrokerCheck. Moreover, in 2015 the firm agreed to pay FINRA $950,000 over allegations of improper sales of billions of shares of unregistered penny stocks and anti-money- laundering supervisory lapses. In addition, two former chief compliance officers at the firm also were suspended and fined over the charges.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

 

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, FINRA

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