Rick John Sande of Melville New York a stockbroker currently employed by Aegis Capital Corp is the subject of a customer initiated investment related arbitration claim where the customer sought $12,334.53 in damages founded on allegations that (1) investment recommendations which had been made to the customer failed to be suitable given the customer’s objectives for investing or financial circumstances and (2) unauthorized trades were effected in the customer’s account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-00408 (May 30, 2019).
FINRA Public Disclosure confirms that Sande is referenced in two more customer initiated investment related disputes pertaining to accusations of his violative conduct while he was employed with Aegis Capital Corp and GunnAllen Financial. In particular, a customer initiated investment related arbitration claim involving Sande’s activities was settled for $71,125.00 in damages based upon allegations that trades had been executed in the customer’s account without the customer’s permission; stock trades were not suitable for the customer; and the customer’s stock portfolio had been churned. FINRA Arbitration No. 09-04934 (June 30, 2011).
Thereafter, a customer initiated investment related arbitration claim concerning Sande’s conduct was resolved for $70,000.00 in damages supported by accusations that it was not suitable for the customer to have been placed in the investments Sande selected; the customer’s investment account was churned by Sande, and fiduciary duties which were owed to the customer had been breached by Sande while he was associated with Aegis Capital Corp. FINRA Arbitration No. 16-00470 (Dec. 22, 2016).
Sande has been registered with Aegis Capital Corp. since February 19, 2010.
