{"id":21052,"date":"2021-11-17T09:13:08","date_gmt":"2021-11-17T15:13:08","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=21052"},"modified":"2021-11-17T09:13:08","modified_gmt":"2021-11-17T15:13:08","slug":"aegis-capital-churning-fine","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/","title":{"rendered":"Aegis Capital To Pay $2.75M For Churning in FINRA Case"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">68 Customers To Receive Restitution From NY-Based Broker-Dealer, Aegis Capital\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Financial Industry Regulatory Authority (FINRA) has sanctioned Aegis Capital, which will pay about $2.8M for the excessive and unsuitable trading that allegedly took place in dozens of customers\u2019 accounts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Of this amount, $1.7M in restitution will go to 68 customers who were potentially harmed. The remaining $1.1M is a fine the broker-dealer will pay for related supervisory violations involving Aegis brokers <\/span><a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/4737649\"><span style=\"font-weight: 400;\">Roberto Birardi<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2278341%23timelineSection\"><span style=\"font-weight: 400;\">Joseph Giordano<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/\"  title=\"Continue Reading Aegis Capital To Pay $2.75M For Churning in FINRA Case\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>68 Customers To Receive Restitution From NY-Based Broker-Dealer, Aegis Capital\u00a0 The Financial Industry Regulatory Authority (FINRA) has sanctioned Aegis Capital, which will pay about $2.8M for the excessive and unsuitable trading that allegedly took place in dozens of customers\u2019 accounts.\u00a0 Of this amount, $1.7M in restitution will go to 68 customers who were potentially harmed. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":21053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4597,3775],"tags":[2763,2659,2876],"class_list":["post-21052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aegis-capital","category-churning","tag-aegis-capital","tag-churning","tag-excessive-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Aegis Capital Ordered to Pay $2.75M Churning Fine | Securities Lawyers<\/title>\n<meta name=\"description\" content=\"FINRA has fined Aegis Capital $2.75M after two brokers committed excessive trading and churning violations. 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Learn more.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/11\/pexels-wallace-chuck-3109168-1-1.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Aegis Capital To Pay $2.75M For Churning in FINRA Case","datePublished":"2021-11-17T15:13:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/"},"wordCount":581,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/11\/pexels-wallace-chuck-3109168-1-1.jpg","keywords":["Aegis Capital","Churning","excessive trading"],"articleSection":["Aegis Capital","Churning"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/","url":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/","name":"Aegis Capital Ordered to Pay $2.75M Churning Fine | Securities Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/aegis-capital-churning-fine\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/11\/pexels-wallace-chuck-3109168-1-1.jpg","datePublished":"2021-11-17T15:13:08+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"FINRA has fined Aegis Capital $2.75M after two brokers committed excessive trading and churning violations. 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