According to an SEC filing, three regulatory agencies are investigating Aegis Capital Corp.
Aegis Capital Corp., a mid-sized broker-dealer based in New York City with 415 registered reps, is being investigated by three regulatory agencies, including the SEC, The Financial Industry Regulatory Authority Inc., the Securities and Exchange Commission and the Treasury Department’s Financial Crimes Enforcement Network, (FINCEN).
The filing did not state why Aegis Capital was under investigation.
Aegis Capital Corp.’s most recent annual audited financial statement states “The company has provided responses to an inquiry and investigative proceeding brought jointly by Finra, the SEC and FINCEN,” which covered the period of December 1, 2015, to November 30, 2016. “The matter is in the discovery stage and no estimate of the effects of an adverse conclusion, if any, can be made as of the date of this financial statement.”
According to an article in Investment News, a lawyer for Aegis Capital, Michael Ference, said the firm would not comment on any open or ongoing investigations. He added, however, that no complaint had been filed by any of the regulators mentioned in the filing and that Aegis Capital was not currently in litigation with any of the three regulators.
Aegis Capital Corp.’s BrokerCheck Report
Aegis Capital Corp. has 27 disclosures on its BrokerCheck profile. In an August 2015 settlement with Finra, the firm agreed to pay $950,000 over allegations of improper sales of billions of shares of unregistered penny stocks and anti-money- laundering supervisory lapses. Two former chief compliance officers at the firm also were suspended and fined over the charges.
The foregoing information, which is all publicly available, is being provided by The White Law Group. The White Law Group is a national securities arbitration, securities fraud, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
If you have concerns regarding investments you purchased through Aegis Capital Corp and would like to speak with a securities attorney, please call The White Law Group at 888-637-5510.
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