Aegis Capital Corp. financial advisor Paul Falcon (CRD# 2464566) faces $1 million customer complaint for investment losses. Falcon has been registered with Aegis Capital Corp. in Boca Raton, Florida since 2013.
Falcon has been the subject of six customer complaints between 1999 and 2018, one of which was closed without action, according to his CRD report. Recent complaints are regarding:
- December 2018. “Time Frame: Unspecified. Negligence, breach of fiduciary duty, and breach of contract.” The customer is seeking $1 million in damages and the case is currently pending.
- April 2017. “Time frame: 08/01/2013 to 02/01/2016. Client alleges unsuitable investment recommendations, unauthorized trading, excessive trading and poor performance of overall portfolio.” The customer sought $190,000 in damages and the case was settled for $210,000. This case was regarding corporate debt and common and preferred stocks.
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 Falcon’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.