DID ELLIOT HOUGH SHERER CAUSE YOU INVESTMENT LOSSES?
Elliot Sherer Of Aegis Capital Corp Has 6 Customer Complaints For Alleged Broker Misconduct
About Elliot Sherer of Aegis Capital Corp?
Elliot Sherer (CRD #2719671) is currently employed and registered with Aegis Capital Corp. in Melville, New York, having been with the firm since June 28, 2011. Over his career, Sherer has been registered with multiple firms, including Global Arena Capital Corp and Prestige Financial Center, Inc. He is registered with two Self-Regulatory Organizations and holds licenses in 35 U.S. states and territories. Sherer has passed one principal/supervisory exam, two general industry/product exams, and one multi-state securities law exam, showcasing a comprehensive grasp of securities laws and practices.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Elliot Sherer Customer Complaints and Reviews
Elliot Sherer has been involved in a total of six customer disputes:
- Settled Disputes:
- A client alleged unsuitable investments from July 2015 to April 2024, resulting in a settlement of $14,900.
- Breach of fiduciary duty and other claims from 2022, resulting in a $40,000 settlement.
- Allegations of negligence and breach of fiduciary duty for actions from 2019 onward, settled for $75,000.
- Claims of unsuitable recommendations from August 2018 to April 2021, settled for $14,900.
- Allegations of unsuitability and breach of fiduciary duty without a specified time frame, settled for $38,964.08.
- Closed with No Action:
- Allegations involving suitability, churning, and other issues from November 2019 to December 2021, with no further action taken.
Allegations Against Elliot Sherer
- Unsuitable Investments: Recurring allegations across multiple disputes, where investments made did not align with the clients’ financial goals or risk profiles.
- Breach of Fiduciary Duty: Multiple claims that Sherer failed to act in the best interests of his clients.
- Negligence and Negligent Misrepresentation: Claims that Sherer failed to exercise the required level of care and misrepresented investment products.
- Breach of Contract and Churning: Allegations of excessive trading to generate commissions and not adhering to contractual agreements.
- Unauthorized Trading and Omission of Material Facts: Claims that Sherer executed trades without authorization and failed to provide all necessary information for informed decisions.
Elliot Sherer Red Flags & Your Rights As An Investor
Of course, Elliot Sherer 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 Elliot Sherer at Aegis Capital Corp on alert to review carefully the activity and performance of their accounts and question whether Elliot Sherer has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Aegis Capital Corp 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?
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 Elliot Sherer
If you have questions about Aegis Capital Corp and/or Elliot Sherer 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.
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