Thomas Duggan, of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $7,500.00 in damages based on allegations of excessive trading by Duggan while he was employed by Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01250 (July 6, 2021). According to the claim, Duggan engaged in unauthorized and unsuitable trading between 2016 and 2021.
Duggan has been identified in three additional customer initiated investment related disputes regarding accusations of his misconduct while employed by Investec Ernst Company and Aegis Capital Corp. FINRA Public Disclosure shows that a customer initiated investment related complaint regarding Duggan’s activities was settled to resolve allegations of unauthorized trading of common and preferred stock by Duggan during the period that he was registered with Investec Ernst Company.
Duggan is referenced in a different customer initiated investment related written complaint on January 2, 2019. The customer sought $80,000.00 in damages founded on accusations that Duggan made misrepresentations to them and breached a contract when he was associated with Aegis Capital Corp. FINRA Arbitration No. 19-00045 (January 2, 2019). The claim also alleges breach of fiduciary duty.
On April 21, 2021, another customer initiated investment related FINRA securities arbitration claim involving Duggan’s conduct was resolved for $145,000.00 in damages supported by accusations of elder abuse and fraud between June of 2017 and August of 2019. FINRA Arbitration No. 20-00216. According to the claim, the customer was placed into unsuitable investments. The claim also alleges breach of contract and negligence by the stockbroker.
Duggan has been registered as a stockbroker with Aegis Capital Corp since January 29, 2016. He has been registered as an investment adviser representative of Aegis Capital Corp since February 1, 2016.
