Gregory Spencer O’Brien of New York New York a stockstockbroker formerly employed by Aegis Capital Corp. is the subject of a customer initiated investment related arbitration claim in which the customer sought $100,000.00 in damages supported by accusations that between 2011 and 2018: (1) the customer’s account was handled in a negligent manner (2) the customer had been defrauded and (3) fiduciary duties owed to the customer had been breached. FINRA Arbitration No. 19-00202 (Jan. 16, 2019).
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that O’Brien is referenced in three more customer initiated investment related disputes pertaining to allegations of his violative conduct during the time that he was associated with America’s Choice Equities LLC and Aegis Capital Corp. Particularly, a customer initiated investment related arbitration claim regarding O’Brien’s activities was settled for $25,000.00 in damages founded on accusations that while O’Brien was associated with America’s Choice Equities LLC, the customer was provided bad investment recommendations concerning the equities traded on Nasdaq and New York Stock Exchange (NYSE) markets subsequent to the customer’s account being transferred to the firm from Joseph Gunnar LLC and KC Ward Financial. FINRA Arbitration No. 12-01397 (July 25, 2013).
Then, a customer filed an investment related complaint regarding O’Brien’s conduct where the customer requested damages estimated to exceed $5,000.00 based upon allegations that between January 25, 2016 and February 24, 2016, while O’Brien was associated with Aegis Capital Corp., equity trades were executed in the customer’s account without the customer ever having provided authorization. Thereafter, a customer initiated investment related arbitration claim concerning O’Brien’s activities was resolved for $147,500.00 in damages supported by accusations that between October of 2013 to February of 2018, while O’Brien was registered with Aegis Capital Corp, contractual obligations to the customer had been breached; fiduciary duties owed to the customer had been breached; and unit investment trust, real estate security and stock trades effected in the customer’s account were not suitable for the customer. FINRA Arbitration No. 18-00402 (Nov. 27, 2018).
O’Brien, who has also been associated with firms including Seaboard Securities, Inc. (expelled by FINRA on February 11, 2011), Gilford Securities Incorporated, Milestone Financial Services, Inc., and GunnAllen Financial, Inc., was terminated from Aegis Capital Corp. on September 4, 2018. He has been associated with PHX Financial Inc. as of August 21, 2018.
