Keith Lawton James Connolly, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $45,000.00 in damages based upon allegations of unsuitable trading by Connolly during the period that he was registered with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-03603 (October 25, 2021).
Connolly has been identified in 13 additional customer initiated investment related disputes regarding accusations of his wrongdoing while employed by securities broker dealers, including Vision Securities Inc., JD Nicholas Associates Inc., and AF Financial Securities Inc., and Harrison Securities Inc. FINRA Public Disclosure shows that Connolly is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $56,000.00 in damages founded on allegations of the customer’s account incurring losses from Connolly’s active stock trading strategy when he was associated with AF Financial Securities and New Castle Financial.
Connolly is also referenced in a customer initiated investment related written complaint which was resolved for $24,900.00 in damages based upon accusations that the customer’s account was churned and that unauthorized transactions were effected by Connolly. According to the complaint, the customer’s account was mismanaged, and omissions were made about investments.
Another customer initiated investment related FINRA securities arbitration claim involving Connolly’s activities was settled for $450,000.00 in damages based upon allegations of JD Nicholas Associates’ failure to supervise in the customer’s account, resulting in bad stock trades by the stockbroker. Connolly is also the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $43,976.00 in damages founded on accusations of negligence and churning by Connolly while he was associated with JD Nicholas Associates. The claim also alleges unsuitable trading.
Connolly was registered with Aegis Capital Corp between July 9, 2015, and June 3, 2019.
