Shepherd Smith Edwards and Kantas Unsuitability Attorneys

Are You An Investor Who Suffered Portfolio Losses While Working With Former Aegis Capital Broker Keith D’Agostino?

Contact Our Unsuitability Attorneys Today

Shepherd Smith Edwards and Kantas Unsuitability Attorneys (investorlawyers.com) are investigating claims of losses involving suspended financial advisor Keith Michael D’Agostino. This longtime New York broker has 25 disclosures on his BrokerCheck CRD, including more than two dozen that are still pending or settled customer disputes.

D’Agostino was an EF Hutton registered representative from 2023 to 2024. He was an Aegis Capital financial advisor from 2014 to 2023. Before that, he worked at other brokerage firms.

D’Agostino was suspended by the Financial Industry Regulatory Authority (FINRA) for two years in December 2025 following allegations that he violated the Securities Exchange Act of 1934’s Care Obligation under Rule 15l-1(a)(1), also known as the SEC’s Regulation Best Interest (REG BI). He purportedly recommended that retirees and seniors buy speculative and low-priced securities, even though such investments were not in their best interests.

According to FINRA’s findings, Keith D’Agostino unsuitably recommended securities from microcap issuers to 10 customers, all of whom had low-risk tolerance levels. They wanted to preserve capital and make money for retirement. Instead, contends the self-regulatory organization (SRO),  these customers went on to lose $1.8M. His then broker-dealer of record has had to pay them back the money.

Allegations made in the customer disputes listed in D’Agostino’s BrokerCheck record include unsuitability, breach of fiduciary duty, breach of contract, negligence, unauthorized trading, excessive trading, misrepresentations and omissions, account mismanagement, and more. A lot of the claims that were resolved involved six- or seven-figure settlements.

Keith D’Agostino has worked 27 years in the industry.

Speculative Investments Are Unsuitable for Retail Investors and Conservative Retirees

Even when a security is low-priced, if it is a speculative investment, then it is likely unsuitable for unsophisticated investors and conservative investors, as well as most seniors. Speculative investments, including microcap securities, tend to bring with them certain risks, including volatility, lack of transparency, and illiquidity.

If you found that your broker ignored your best interests, made an unsuitable investment recommendation, overconcentrated your account, or was negligent or careless in some other way—and this caused you to sustain serious portfolio losses—you may be able to pursue damages from your financial advisor and/or their broker-dealer.

Do You Have A Claim for Investment Loss Recovery Against Aegis Broker Keith D’Agostino?

It can be hard to know when your portfolio losses are due to broker misconduct or negligence. Because our securities lawyers, paralegals, legal assistants, consultants, and other key team members together have more than a century’s worth of experience in securities law and the securities industry, we have the skills, knowledge, and experience to make an accurate assessment to determine whether you should sue your financial advisor for damages. We also know how to maximize each of our clients’ chances for a full financial recovery.

Over the decades, Shepherd Smith Edwards and Kantas Unsuitability Attorneys have recovered a collective many millions of dollars in awards and settlements for thousands of investors. When you work with us, you are represented by everyone at our firm.

Call (800) 259-9010 or contact us online today to request your free, no obligation case consultation.