Thomas Duggan of Melville, New York, a stockbroker formerly registered with Aegis Capital Corp, was referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $7,500.00 in damages based upon accusations that Duggan made excessive and unauthorized trades while he was registered with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-01250 (July 6, 2021). The claim alleges that Duggan made unsuitable investment recommendations to the customer between 2016 and 2021.
Duggan has been identified in three more customer initiated investment related disputes concerning his conduct during the time that he was registered with securities broker dealers, including Aegis Capital Corp and Investec Ernst Company. FINRA Public Disclosure shows that a FINRA securities arbitration claim concerning Duggan’s activities was resolved for $700.00 in damages based upon allegations that Duggan made an unauthorized sale of common and preferred stock when he was registered with Investec Ernst Company.
On February 16, 2022, another FINRA securities arbitration claim involving Duggan’s conduct was settled for $70,000.00 in damages because Duggan allegedly made misrepresentations to the customer, breached a contract, and breached a fiduciary duty between June 2017 and January 2019, during the period that he was associated with Aegis Capital Corp.
Duggan is also identified in an Aegis Capital Corp customer’s arbitration claim that was resolved for $145,000.00 in damages based upon alleged elder abuse, breach of contract, gross negligence, unsuitable recommendations, and fraud between June 2017 and August 2019.
Duggan was registered with Aegis Capital Corp between January 29, 2016, and May 17, 2022.
