Kenneth L. Jones, of Tampa, Florida, a stockbroker with Aegis Capital Corp., was named in a pending customer dispute on March 28, 2016. The customer specifically requested $190,910.00 in damages in connection with allegations against Jones of making recommendations of investments that were not suitable for the customer, and breaching his fiduciary duty to the client.
Public disclosure records reveal that Jones has been previously subject to four customer disputes. Particularly, on July 22, 2005, Jones became subject to a customer dispute in which customers alleged that Jones had misled the customers regarding the performance of the customers’ accounts. The customers alleged that they were not apprised until after Jones departed from his prior employer, Edward Jones, that withdrawals that were effected in the customers’ account were tied to a loan which accumulated to $15,000.00.
Jones settled a customer dispute on March 15, 2015, for $5,899.93 in damages after a customer alleged that Jones effected trades despite not having the requisite authorization from the customer. On September 12, 2002, Jones became subject to a customer dispute where the customer requested $5,000.00 in damages in connection with allegations against Jones of substantial investment losses caused by Jones’ failure to place a limit sell order on the customer’s trade.
On September 11, 2002, Jones was subject to a customer dispute, where the customer requested $5,000.00 in damages after the customer alleged an estimated $21,000.00 in investment losses in connection with Jones’ failure to enter a limit sell order.
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