Elliot Hough Sherer of Melville, NY, a stockbroker registered with Aegis Capital Corp., is the subject of a customer initiated investment related FINRA securities arbitration claim in which the customer requested damages based upon allegations that Sherer breached his fiduciary duties, was negligent, made misrepresentations of material fact, breached a contract, and churned the customer’s accounts when Sherer was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 22-02221 (September 29, 2022).
FINRA Public Disclosure shows that Sherer has been referenced in three other customer initiated investment related disputes concerning Sherer’s conduct while associated with Aegis Capital Corp. On February 4, 2022, a FINRA securities arbitration claim involving Sherer’s conduct was settled for $38,964.08 in damages based upon allegations that Sherer made unsuitable investment recommendations, breached a contract, and breached his fiduciary duties. FINRA Arbitration No. 20-00036.
Sherer is also referenced in a customer complaint filed on March 8, 2022, in which the customer requested $71,000.00 in damages based upon allegations that Sherer made unsuitable recommendations of stocks. His employer denied these claims.
On May 17, 2022, a different customer filed an investment related FINRA securities arbitration claim involving Sherer’s conduct in which the customer requested $500,000.00 in damages based upon allegations that Sherer was negligent and breached his fiduciary duties in connection with the recommendation and sale of stocks. FINRA Arbitration No. 22-01063.
Sherer has been associated with Aegis Capital Corp. in Melville, NY, as a stockbroker since June 28, 2011.
