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M.B. Schreiber Formerly With Aegis Capital Corp. Has 4 Customer Complaints For Alleged Broker Misconduct

Who is M.B. Schreiber formerly with Aegis Capital Corp.?

M.B. Schreiber

M.B. Schreiber (CRD #1032600) who was formerly registered with Aegis Capital Corp. and located in Red Bank, New Jersey, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Aegis Capital Corp., M.B. Schreiber was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems. M. B. Schreiber has had his own regulatory problems. Recently, in October 2022 while employed with Aegis Capital Corp., FINRA investigated and found that Mr. Schreiber exercised discretion without written authorization. This was the second time that FINRA sanctioned him for violation of industry rules. As a consequence, he was suspended for 3 months and fined $5000.

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M.B. Schreiber Customer Complaints

M.B. Schreiber has been the subject of 4 customer complaints that we know about to recover investment losses. Two of the customer complaints were settled by Mr. Schreiber’s former employers in favor of the investors. One customer complaint was denied and no further action was taken. The other customer complaint is pending in a FINRA arbitration against Aegis Capital Corp. for Mr. Schreiber’s alleged misconduct.

Allegations Against M.B. Schreiber

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Unsuitable investment recommendations in breach of contract.
  • Unsuitability in the handling of customer’s account.
  • Misrepresentation and unsuitability allegations.
  • Unauthorized trading, churning, misrepresentation, negligence, breach of fiduciary duty, and unsuitable investment recommendations.

Lynn Carter Red Flags & Your Rights As An Investor

Of course, M.B. Schreiber did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of M.B. Schreiber at Aegis Capital Corp. on alert to review carefully the activity and performance of their accounts and question whether M.B. Schreiber has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp. also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At Aegis Capital Corp. Due To M.B. Schreiber

If you have questions about Aegis Capital Corp. and/or M.B. Schreiber and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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