Yann C. Faho (also known as Jann C. Faho and as John Faho), of New York, New York, a stockbroker currently registered with Aegis Capital Corp, is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer sought $180,000.00 in damages based upon allegations of unsuitable trading by Faho which resulted in poor performance for the customer’s Aegis Capital Corp account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 21-00188 (January 27, 2021).
This is not the first time that Faho has been accused of sales practice violations by a securities broker dealer’s customer. FINRA Public Disclosure also shows that a customer initiated investment related FINRA securities arbitration claim regarding Faho’s activities was settled for $462,259.99 in damages founded on accusations of a breach of contract and a breach of fiduciary duty on common stock and preferred stock trades in the customer’s account between 2016 and 2020 when Faho was associated with Aegis Capital Corp. FINRA Arbitration No. 20-02479 (July 7, 2021). The claim alleges that the customer’s account held unsuitable investments. Accusations also include unauthorized trading and churning by Faho at Aegis Capital Corp.
Faho has been registered with Aegis Capital Corp since February 11, 2016.