Thomas Kelly (CRD #2877415), a broker registered with Aegis Capital Corp in New York City, has racked up yet another investor dispute regarding suitability, according to his BrokerCheck record, accessed on January 25, 2021. These aren’t the only disputes on his record, and investors interested in his conduct as a broker should keep reading.

Thomas Kelly’s most recent BrokerCheck disclosure, from December 9, 2020, involves an investor allegation that Kelly recommended unsuitable investments. As of publication, there are three more pending disputes on his record that mention unsuitable investment recommendations.

Thomas Kelly’s History of Unsuitable Recommendations

On March 9, 2020, an investor alleged that Thomas Kelly of Aegis Capital Corp had recommended unsuitable investments and breached his contract. The investor is seeking $50,668; the dispute is pending.

On September 26, 2020, an investor alleged that Kelly made an unsuitable recommendation. They further alleged that Kelly was negligent, omitted material facts, and misrepresented certain securities.

On November 1, 2018, an investor alleged that Thomas Kelly of Aegis made unsuitable investment recommendations, executed unauthorized trades, and breached his fiduciary duties. The investor is seeking $500,000; the dispute is pending.

There are three older disputes on Kelly’s record that also allege unsuitable investment recommendations – these collectively resolved for $381,000.

More Disclosures and Investor Disputes

On June 3, 2020, Kelly became the subject of a tax lien for $2,444,845.28.

On October 1, 2018, an investor alleged that Thomas Kelly misrepresented certain securities, engaged in negligence, and breached his fiduciary duties. The client sought $230,000; the dispute settled for $30,000.

On July 30, 2018, an investor alleged that Kelly engaged in excessive trading. The client sought $211,844; the dispute settled for $12,000.

On June 15, 2009, an investor alleged that Thomas Kelly made false and misleading statements and engaged in fraud and negligence. The investor further alleged that Kelly misrepresented certain trades and engaged in excessive trading. The client sought $100,000; the dispute settled for $14,000.

On March 27, 2003, a client alleged that Thomas Kelly failed to execute certain trades. The investor sought $8,200; the dispute settled for $4,200.

Thomas Kelly has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 25 states.

Kelly has 23 years of experience. In that time, he has worked at five different firms.

  • Aegis Capital (CRD #: 15007)
  • National Securities Corporation (CRD #: 7569)
  • First Republic Group (CRD #: 39781)
  • Northeast Securities (CRD #: 25996)
  • Nichols, Safina, Lerner (CRD #: 35476)

If Thomas Kelly was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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