Christopher Rice Callagy of New York New York a stockbroker formerly registered with Aegis Capital Corp is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $180,000.00 in damages based on accusations of poor investment performance during the time that Callagy was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00188 (Jan. 27, 2021).
Callagy has been identified in five more customer initiated investment related disputes involving allegations of his wrongdoing while employed by Salomon Smith Barney and Janney Montgomery Scott LLC. FINRA Public Disclosure shows that a customer initiated investment related FINRA securities arbitration claim involving Callagy’s activities was settled for $70,000.00 in damages based upon accusations that transactions were unsuitable and fraudulent when Callagy was associated with Salomon Smith Barney. According to the claim, Callagy breached a fiduciary duty in reference to common and stock trades.
Another customer initiated investment related complaint regarding Callagy’s conduct was resolved for $15,468.00 in damages supported by allegations that inaccurate statements were made by Callagy regarding the tax liability relating to the customer’s variable annuity surrender.
Callagy is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages founded on accusations of unsuitable mutual fund, equity and bond trades by Callagy during the period in which he was associated with Janney Montgomery Scott. The claim alleges that Callagy executed unauthorized trades and failed to diversify the customer’s account.
A different customer initiated investment related complaint concerning Callagy’s activities was resolved for $40,000.00 in damages based upon allegations that Callagy provided unsuitable recommendations in regard to asset-backed debt investments. The complaint also alleges that the customer’s investment instructions were not followed regarding a liquidation of Credit Suisse holdings.
Callagy is also the subject of a customer initiated investment related written complaint which was settled for $25,000.00 in damages supported by accusations that an unsuitable concentration of preferred stocks resulted from Callagy’s recommendations at Janney Montgomery Scott. The complaint alleges that Callagy misrepresented information regarding preferred stocks.
Callagy was registered with Aegis Capital Corp between July 21, 2017 and January 24, 2020. Since January 10, 2020, he has been registered with Revere Securities LLC.
