Thomas Edison Kelly of New York, New York, a stockbroker currently registered with Aegis Capital Corp., is identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $20,651.79 in damages based upon accusations of breach of fiduciary duty, breach of contract, and unsuitable transactions by Kelly when he was associated with Aegis Capital Corp. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00036 (February 4, 2022).
FINRA Public Disclosure shows that Kelly has been identified in fifteen more customer initiated investment related disputes containing allegations of his wrongdoing while employed by securities broker dealers, including First Republic Group LLC, Eastbrook Capital Group, and National Securities Corp. On March 16, 2018, a customer filed an investment related complaint concerning Kelly’s conduct in which the customer sought $98,575.00 in damages founded on accusations that unauthorized trades were executed by Kelly in the customer’s National Securities Corp account.
On February 14, 2019, a customer initiated investment related complaint regarding Kelly’s activities was resolved for $12,000.00 in damages supported by allegations of excessive trading by Kelly concerning real estate security products at National Securities Corp.
Kelly is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $30,000.00 in damages based upon accusations of Kelly’s negligence and breach of fiduciary duty as it pertained to common and preferred stock trades that resulted in damages to the National Securities Corp customer. FINRA Arbitration No. 18-03369 (February 26, 2019). According to the claim, securities transactions had been misrepresented by the stockbroker.
Kelly is identified in another customer initiated investment related FINRA securities arbitration claim where the customer requested $4,200,000.00 founded on allegations of Kelly’s unsuitable and unauthorized trading of equities in the customer’s account while Kelly was registered with National Securities Corp, resulting in damages to the customer. FINRA Arbitration No. 19-00301 (March 19, 2019).
Kelly is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $200,000.00 in damages supported by accusations of negligence, breach of contract, omissions, misrepresentations, and unsuitable recommendations relating to over-the-counter equities transactions during the time that Kelly was employed by National Securities Corp. FINRA Arbitration No. 18-02816 (November 5, 2019). The claim also contains allegations of breach of fiduciary duty resulting in damages.
On February 26, 2021, another customer initiated investment related FINRA securities arbitration claim involving Kelly’s conduct was settled for $55,000.00 in damages based upon accusations of unauthorized trading, negligence, breach of fiduciary duty, and unsuitable trading of stock and over-the-counter equities by Kelly at National Securities Corp. FINRA Arbitration No. 18-03719 (February 26, 2021).
The stockbroker is referenced in a customer initiated investment related FINRA securities arbitration claim which was resolved for $11,500.00 in damages founded on allegations of unsuitable over-the-counter equities trades. FINRA Arbitration No. 20-00636 (June 9, 2021). The claim alleges that the customer received misrepresented information relating to the transactions. According to the claim, Kelly charged excessive commissions to the customer.
Kelly is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $60,000.00 in damages supported by accusations that unsuitable private placements were sold to the customer when Kelly was associated with National Securities Corp. FINRA Arbitration No. 20-03788 (October 12, 2021).
Kelly was registered with National Securities Corporation between May 7, 2008, and May 7, 2018. Since May 10, 2018, he has been employed by Aegis Capital Corp.
