Gregory Spencer O’Brien of New York New York a stockbroker formerly employed by Aegis Capital Corp has been identified in a customer initiated investment related complaint on April 12, 2019 where the customer sought $153,300.00 in damages founded on accusations that margin was inappropriately utilized to effect securities transactions for the customer’s Aegis Capital Corp account between 2013 and 2019 because of O’Brien’s trading.
Financial Industry Regulatory Authority (FINRA) Public Disclosure indicates that O’Brien is the subject of four more customer initiated investment related disputes pertaining to allegations of his bad business practices while employed by securities broker dealers including Aegis Capital Corp. On February 24, 2016, a customer filed an investment related complaint pertaining to O’Brien’s conduct in which the customer requested unspecified damages supported by allegations that a stock trade had been executed in the customer’s account by O’Brien without consent from the customer during the period in which O’Brien was employed by Aegis Capital Corp.
On November 27, 2018, a customer initiated investment related arbitration claim in reference to O’Brien’s conduct was resolved for $147,500.00 in damages based upon accusations of a breach of a contract and a fiduciary duty by O’Brien in regard to the securities transactions that he executed while he was registered with Aegis Capital Corp. FINRA Arbitration No. 18-00402. According to the claim, the customer was inappropriately placed into equities along with a real estate security and a unit investment trust.
O’Brien is also referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that the customer had been defrauded by O’Brien. FINRA Arbitration No. 19-00202 (Jan. 16, 2019). According to the claim, a fiduciary duty had also been violated and the stockbroker’s negligence resulted in the Aegis Capital Corp customer’s losses.
O’Brien’s employment with Aegis Capital Corp was terminated on September 4, 2018. He has been employed by PHX Financial Inc. since August 21, 2018.
