Gregory Spencer O’Brien of New York New York a stockbroker formerly registered with Aegis Capital Corp. is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $153,300.00 in damages founded on accusations that the customer had been placed into poorly performing investments between 2013 and 2019 during the period that O’Brien was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01528 (June 18, 2020). The claim also alleges unsuitable margin use by the stockbroker.
O’Brien has been identified in four more customer initiated investment related disputes containing allegations of his improper activities while registered with America’s Choice Equities LLC and Aegis Capital Corp. FINRA Public Disclosure reveals that a customer initiated investment related complaint regarding O’Brien’s conduct was settled for $25,000.00 in damages supported by accusations that the customer had been provided with unsuitable investment recommendations by O’Brien resulting in damages for the customer’s stock portfolio at America’s Choice Equities.
On February 24, 2016, another customer filed an investment related complaint concerning O’Brien’s activities in which the customer requested compensatory damages based upon allegations that between January 25, 2016 and February 24, 2016, unauthorized trades were executed in the customer’s account at Aegis Capital Corp.
O’Brien is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $147,500.00 in damages founded on accusations that between October 2013 and February 2018, the customer had been placed into unsuitable stocks, unit investment trusts, and real estate securities. FINRA Arbitration No. 18-00402 (Nov. 27, 2018). According to the claim, a contract between the customer and the securities broker dealer had been breached. The claim also alleges that the stockbroker breached his fiduciary duties to the customer when he was associated with Aegis Capital Corp.
On April 20, 2020, another customer initiated investment related FINRA securities arbitration claim regarding O’Brien’s conduct was resolved for $59,000.00 in damages supported by allegations that the customer had been defrauded as a result of investing through O’Brien at Aegis Capital Corp between 2011 and 2018. FINRA Arbitration No. 19-00202 (Apr. 20, 2020). According to the claim, the customer also sustained damages as a result of negligence and a breach of fiduciary duty by O’Brien.
O’Brien was registered with Aegis Capital Corp between November 14, 2013 and September 4, 2018. Since August 21, 2018, he has been registered with PHX Financial Inc.