David Leonard Sheppard of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer requested $250,000.00 in damages based upon allegations that unauthorized and excessive trades were effected in the customer’s account and investment recommendations were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02867 (Jan. 23, 2018).
This is the first arbitration claim brought against Sheppard since he was barred by FINRA in all capacities for failing to cooperate with a FINRA investigation into accusations of him possibly executing excessive trades and churning customers’ investment portfolios. Letter of Acceptance Waiver and Consent No. 2016048470101 (Apr. 6, 2017).
Sheppard’s employment with Aegis Capital Corp. was terminated on December 3, 2015.
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