There are options for customers of former Aegis Capital Corp. broker Sean Sullivan (CRD# 6283466) who suffered investment losses due to unsuitable and unauthorized trades. He has been registered with Sovereign Global Advisors LLC in Kings Park, New York since September 2022. Previously, he was registered with Spartan Capital Securities, LLC in Garden City, New York from July to August 2022. Prior to then, he was registered with Aegis Capital Corp. in Melville, New York from 2015 to 2022, when he was terminated regarding “Multiple allegations of unauthorized trading.”
Sean Sullivan Customer Complaints
He has been the subject of three customer complaints between 2020 and 2022, according to his CRD report:
August 2022. “Client alleges unauthorized trading and failure to follow instructions.” The case is currently pending. The complaint took place while he was registered with Aegis Capital Corp.
July 2021. “Client alleges failure to follow instructions and poor performance.” The customer sought $17,000 in damages and the case was settled for $14,500. The complaint was regarding common and preferred stocks and took place while he was registered with Aegis Capital Corp.
January 2020. “Time frame: 6/2017 – 8/2019; Unsuitability, common law fraud, gross negligence, breach of contract, elder abuse.” The customer sought $1,079,155 in damages and the case was settled for $145,000. The complaint took place while he 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 Sean Sullivan’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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