Corey Alexander Johnson of Melville New York a stockbroker currently registered with Aegis Capital Corp has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Johnson executed unauthorized transactions in customer accounts during the time that he was associated with Aegis Capital Corp. Letter of Acceptance Waiver and Consent No. 2019061906301 (Mar. 24, 2021).
According to the AWC, between April of 2017 and April of 2019, trades were made by Johnson on a discretionary basis. He failed to get pre-trade confirmation from at least five customers for 1,358 trades.
The AWC stated that there was no written permission provided to Johnson from customers of Aegis Capital Corp as it related to discretionary trading. FINRA also stated that their accounts had not been authorized by Aegis for purposes of discretionary trading. The stockbroker’s trading violated FINRA Rule 2010 and National Association of Securities Dealers (NASD) Rule 2510(b).
Johnson has been registered with Aegis Capital Corp since June 24, 2011. Since April 23, 2010, he has been associated with two other securities broker dealers, both of which have been expelled by regulators for violation of federal securities laws or are otherwise defunct.
