James Bradley Schwartz, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp., has been named in a customer initiated investment related arbitration claim on April 28, 2017, in which the customer requested $269,131.00 in damages based upon allegations that Schwartz, between April of 2014 and May of 2016, breached his fiduciary and contractual duties to the customer, made misrepresentations and omissions concerning equity investments, and traded in the customer’s account on an unauthorized, unsuitable and excessive basis.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Schwartz has been named in five additional customer initiated investment related disputes regarding allegations of his wrongdoing while associated with Rockwell Global Capital, LLC and Aegis Capital Corp. Specifically, on December 9, 2016, a customer initiated investment related arbitration claim involving Schwartz’s conduct was settled for $95,000.00 in damages based upon allegations against Schwartz of misrepresentation, breach of fiduciary duty, negligence, and unauthorized trading in the customer’s account.
Subsequently, on January 17, 2017, a customer initiated investment related arbitration claim regarding Schwartz’s activities was resolved for $180,000.00 in damages based upon allegations of unsuitable investment recommendations and excessive trading by Schwartz between January and August of 2015. On September 20, 2016, another customer initiated investment related written complaint involving Schwartz’s conduct was settled for $782,000.00 in damages based upon allegations that Schwartz inappropriately handled the customer’s investment account.
Moreover, on November 30, 2016, a customer filed an investment related written complaint regarding Schwartz’s activities, in which the customer requested $1,200,000.00 in damages based upon allegations that Schwartz made unsuitable investment recommendations to the customer and placed exchange traded funds, equity and municipal debt transactions in the customer’s account despite failing to obtain the customer’s authorization.
Schwartz’s registration with Aegis Capital Corp. was terminated on June 30, 2016. He was later employed by Joseph Gunnar & Co. LLC from December 9, 2016, to February 28, 2017. Since July 20, 1998, Schwartz has been associated with fourteen different broker dealers, ten of which have been expelled by securities regulators for violation of federal securities laws or are otherwise defunct. #cockroach
The the Melville, New York office of Aegis Capital is located at 510 Broadhollow Road, Suite 104, Mellville, New York 11747.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
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