Thomas Edison Kelly Jr. of New York New York a stockbroker formerly registered with National Securities Corp is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought more than $5,000.00 in damages based upon accusations that they were sold unsuitable private placements by Kelly while he was associated with National Securities Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03788 (Dec. 9, 2020).
FINRA Public Disclosure reveals that Kelly has been identified in 15 more customer initiated investment related disputes regarding allegations of his misconduct when he was employed by First Republic Group LLC, Eastbrook Capital Group, Aegis Capital Corp and National Securities Corp. On March 14, 2019, a customer initiated investment related FINRA securities arbitration claim concerning Kelly’s conduct was resolved for $30,000.00 in damages founded on accusations that Kelly breached a fiduciary duty to the customer in reference to his stock trades at National Securities Corporation. The claim alleges that the customer’s equity transactions were misrepresented.
On November 5, 2019, another customer initiated investment related FINRA securities arbitration claim regarding Kelly’s activities was settled for $200,000.00 in damages supported by allegations of breach of contract and negligence relating to over-the-counter equities that Kelly executed at National Securities Corp. FINRA Arbitration No. 18-02816. The claim alleges misrepresentations and omissions. According to the claim, the stockbroker breached a fiduciary duty and provided unsuitable advice. Kelly is also the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $50,668.00 in damages based upon allegations of breach of fiduciary duty and breach of contract by Kelly at Aegis Capital Corp. FINRA Arbitration No. 20-00036 (Mar. 9, 2020). According to the claim, Kelly effected unsuitable trades.
On February 26, 2021, another customer initiated investment related FINRA securities arbitration claim involving Kelly’s conduct was resolved for $55,000.00 in damages founded on accusations of the stockbroker’s negligence and unauthorized trading which resulted in damages. FINRA Arbitration No. 18-03719. The claim alleges that Kelly made unsuitable stock and over-the-counter equities trades and that he breached his fiduciary duty to the customer.
Kelly is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $11,500.00 in damages supported by allegations of omissions and misrepresentations relating to over-the-counter equities transactions executed by Kelly while he was registered with National Securities Corp. FINRA Arbitration No. 20-00636 (June 9, 2021). The claim alleges unsuitability and negligence.
Kelly’s registration with National Securities Corp was terminated on May 7, 2018. He has been registered with Aegis Capital Corp since May 10, 2018.
