Complaints of Unauthorized and Unsuitable Trades by Former Aegis Capital Corp. broker Jack Terzi

Aegis Capital Corp

Former Aegis Capital Corp. broker Jack Terzi (CRD# 7008502) is accused of churning and unsuitable investment recommendations and unauthorized trades. He has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Levittown, New York, since 2022. Previously, he was registered with Aegis Capital Corp. in Melville, New York, from 2018 to 2022.

Jack Terzi Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

December 2022. “Time frame: November 2019 – December 2021. Claimant alleges suitability, churning, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, misrepresentation, omission of material facts.” The customer is seeking $203,007 in damages and the case is currently pending.

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 Jack Terzi’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you 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.

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