There are options for former clients of former Aegis Capital Corp. broker Thomas Duggan (CRD# 2757615), who suffered investment losses. He was registered with Aegis Capital Corp. in Melville, New York, from 2016 to 2022.
Thomas Duggan Customer Complaints
He has been the subject of 10 customer complaints between 2001 and 2025, one of which was withdrawn, according to his CRD report. The most recent complaints are regarding:
May 2025. “Time frame: 2018. Claimant alleges unsuitable investment, breach of fiduciary duty, misrepresentation, and breach of contract.” The customer is seeking $360,000. The complaint was regarding stock losses.
November 2023. “Time frame: Unspecified. Claimant alleges unsuitable investments, breach of contract, breach of fiduciary duty.” The case was settled for $14,999.
August 2023. “Time frame: 2016-present. Claimant alleges unsuitable investments, breach of fiduciary duty.” The case was settled for $575,000.
January 2023. “Time frame: September 2017 through 2022. Claimant alleges unsuitable investment strategy, excessive trading, breach of fiduciary duty, negligence & fraud.” The customer sought $1,500,000 in damages, and the case was settled for $600,000.
October 2022. “Client alleges unsuitable investment recommendations.” The case was settled for $75,000.
May 2021. “Time frame: 2016 – present. Claimant alleges unsuitable transactions, unauthorized trading, excessive trading.” The customer sought $50,000 in damages, and the case was settled for $7,500.
January 2020. “Time frame: 6/2017 – 8/2019; Unsuitability, common law fraud, gross negligence, breach of contract, elder abuse.” The customer sought $1,079,155.08 in damages, and the case was settled for $145,000. The complaint took place while he was registered with Aegis Capital Corp.
January 2019. “Time frame: June 2017 – present. Breach of fiduciary duty, breach of contract, misrepresentation.” The customer sought $80,000 in damages, and the case was settled for $70,000. 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 Thomas Duggan’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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