Suitability Concerns Due to Recommendations by Former Aegis Capital Corp. Broker Angelo Vitale
Posted on Wednesday, July 8th, 2020 at 2:25 pm
Erez Law is currently investigating former Aegis Capital Corp. broker Angelo Vitale (CRD# 2793984) regarding complaints of unsuitable investment recommendations. Vitale has been registered with Alexander Capital, L.P. in New York, New York since 2018. Previously, Vitale was registered with Aegis Capital Corp. in New York, New York from 2010 to 2018.
Vitale has been the subject of two customer complaints between 2000 and 2020, according to his CRD report. The most recent complaint is regarding:
April 2020. “Time frame: Unspecified. Claimant alleges unsuitability; breach of contract; breach of fiduciary duty.” The customer is seeking $388,058 in damages and the case is currently pending. The complaint took place while Vitale was registered with Aegis Capital Corp.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Aegis Capital Corp. may be liable for investment or other losses suffered by Vitale’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.