| Read Time: 2 minutes | Aegis Capital Corp Complaints | National Securities Corp Complaints | News & Articles |


Thomas Kelly, Jr. Of Aegis Capital Corp. And Formerly With National Securities Corporation Has 19 Customer Complaints For Alleged Broker Misconduct

Who is Thomas Kelly, Jr. of Aegis Capital Corp.?

 Thomas Kelly, Jr.

Thomas Kelly, Jr. (CRD #2877415) who is currently registered as a broker with Aegis Capital Corp. and located in New York, New York, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Aegis Capital Corp., Thomas Kelly, Jr. was associated with National Securities Corporation and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Investment Losses? Let’s talk.

or, give us a ring at (800) 732-2889.

Thomas Kelly, Jr. Customer Complaints

Thomas Kelly, Jr. has been the subject of 19 customer complaints that we know about to recover investment losses. Twelve of the customer complaints were settled by Thomas Kelly’s employers in favor of the investors. Four customer complaints were denied by National Securities Corp. and First Republic Group and the customers took no further action. There are 3 arbitration proceedings still pending against Thomas Kelly’s current and former employers for his alleged misconduct.

Allegations Against Thomas Kelly, Jr.

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 of private placements.
  • Breach of fiduciary duty related to investments.
  • Suitability, negligence, misrepresentation and omissions of equity investments.
  • Suitability, unauthorized trading, breach of fiduciary duty and negligence related to common and preferred stock investments.
  • Excessive trading.
  • Unsuitable recommendations, misrepresentations and omissions, related to stock investments.
  • Excessive trading, false and misleading statements, fraud, negligence, and breach of fiduciary duty.
  • Churning and unsuitable transactions in customer’s account.
  • Overconcentration of client’s assets in private placements and failure to conduct reasonable due diligence.
  • Unsuitable REIT investments.

Thomas Kelly, Jr. Red Flags & Your Rights As An Investor

Of course, Thomas Kelly, Jr. 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 Thomas Kelly, Jr. at Aegis Capital Corp. and National Securities Corporation on alert to review carefully the activity and performance of their accounts and question whether Thomas Kelly, Jr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp. and National Securities Corporation also raises questions about the brokerage firms’ 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?

best investment fraud lawyers

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 Thomas Kelly, Jr.

If you have questions about Aegis Capital Corp., National Securities Corporation and/or Thomas Kelly, Jr. 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.

Author Photo

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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars