Former Aegis Capital Corp. broker Kishan Parikh (CRD# 5506554) is accused of unsuitable investment recommendations. Parikh has been registered with Aegis Capital Corp. in New York, New York from 2012 to 2019.
Parikh has been the subject of two customer complaints between 2017 and 2021, according to his CRD report:
- February 2021. “Time frame: unspecified. Claimants alleges unsuitable investments.” The case is currently pending.
- May 2017. “Time frame: 02/24/2015 to 05/17/2017. Claimant alleges RR engaged in excessive trading and unsuitable investment recommendations.” The customer sought $350,000 in damages and the case was settled for $499,999.
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 Parikh’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.