Arthur Willard Lewis of Boca Raton Florida a stockbroker formerly registered with Aegis Capital Corp is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $20,000.00 in damages based upon accusations of a structured product being misrepresented by Lewis when he was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-02018 (Aug. 7, 2020). The claim also alleges that Lewis sold an unsuitable structured products to the customer.

Lewis has been identified in five more customer initiated investment related disputes concerning allegations of his wrongful behavior while associated with securities broker dealers including CIBC World Markets Corp and Oppenheimer Co. Inc. FINRA Public Disclosure shows that a customer filed an investment related complaint regarding Lewis’ conduct in which the customer requested compensatory damages supported by accusations that Lewis made an unauthorized bond purchase.

Another customer initiated investment related FINRA securities arbitration claim involving Lewis’ activities resulted in the customer being awarded $24,833.18 in damages based upon Lewis being found jointly liable on the customer’s claims of breach of fiduciary duty, negligence, breach of contract and failure to supervise.

A different customer initiated investment related FINRA securities arbitration claim regarding Lewis’ conduct was settled for $50,000.00 in damages founded on allegations of negligence and fraud while Lewis was associated with CIBC World Markets Corp. According to the claim, there was a breach of fiduciary duty and breach of contract by the CIBC World Markets Corp stockbroker concerning stocks and options. The claim alleges that the customer was told to maintain their position in Nortel Networks rather than diversify their investment portfolio.

Lewis is also the subject of a customer initiated investment related written complaint which was resolved for $35,000.00 in damages supported by accusations that Lewis failed to supervise the Oppenheimer stockbroker’s transactions. The complaint alleges that the stockbroker’s sales practice violations led to losses on unit investment trusts, stocks and over-the-counter equities.

An additional customer initiated investment related FINRA securities arbitration claim concerning Lewis’ activities was settled for $60,000.00 in damages based upon allegations of bad advice relating to the customer’s investment portfolio at CIBC World Markets Corp.

Lewis is also referenced in an SEC civil action in which he was fined $50,000.00 and ordered to cease and desist violating federal securities laws founded on accusations of Lewis failing to supervise a stockbroker who executed unregistered distributions of penny stocks when Lewis was associated with Oppenheimer. Case No. 3-16700 (July 23, 2015).

Lewis has been registered with AGP Alliance Global Partners since February 3, 2020.

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