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Options for Clients of Former Aegis Capital Corp. Broker Michael Farrell

Posted on Monday, December 6th, 2021 at 10:02 pm    

Aegis Capital Corp.

Were you the victim of former Aegis Capital Corp. broker Michael Farrell (CRD# 2282842)? Michael Farrell was registered with Aegis Capital Corp. in Red Bank, New Jersey from 2016 to 2019.

Michael Farrell Faces Suitability Complaint

Michael Farrell has been the subject of two customer complaints between 2020 and 2021, according to his CRD report:

April 2021. “Time frame: December 2012 – November 2020. Claimants allege unsuitable investment recommendations.” The customer is seeking $190,873.62 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 Michael Farrell’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.