DID FRANK GIACALONE CAUSE YOU INVESTMENT LOSSES?
Frank Giacalone Of Aegis Capital Corp Has 4 Customer Complaints For Alleged Broker Misconduct
About Frank Giacalone of Aegis Capital Corp?
Frank Giacalone (CRD #4314174) is currently employed with Aegis Capital Corp. in Melville, New York, having joined them on November 28, 2012. He is registered with two Self-Regulatory Organizations and licensed across 45 U.S. states and territories. Throughout his career, Giacalone has passed two general industry/product exams and one multi-state securities law exam but has not passed any principal/supervisory exams. His professional journey includes previous stints at several financial firms, including Obsidian Financial Group, LLC and Empire Financial Group, Inc., indicating a broad and diverse experience in the securities industry.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Frank Giacalone Customer Complaints and Reviews
Frank Giacalone has a total of four customer disputes recorded, all of which are currently settled:
- Dispute 1: Allegations of unsuitable recommendations and investments were made covering the period from August 2018 to April 2021. The settlement amount was $14,900, with no individual contribution from Giacalone.
- Dispute 2: Filed for activities from November 2008 to March 2014, involving churning, unsuitable recommendations, unauthorized trading, negligence, breach of fiduciary duty, breach of contract, and misrepresentation. The case was settled with Giacalone contributing $27,500 towards a total settlement amount.
- Dispute 3: Involved claims of unsuitable recommendations related to OTC equities, with allegations leading to a $40,000 settlement.
- Dispute 4: Concerned allegations including suitability, churning, breach of fiduciary duty, breach of contract, unauthorized trading, negligence, and misrepresentation spanning from March 2013 to August 2022. This dispute was closed with no action taken.
Allegations Against Frank Giacalone
Here are the specific allegations and accusations in the settled disputes involving Frank Giacalone:
- Allegations of Unsuitable Recommendations and Investments: This includes claims that the investments recommended did not suit the financial objectives or risk profiles of the clients.
- Churning and Unauthorized Trading: Allegations that Giacalone engaged in excessive trading to generate commissions and executed trades without proper authorization.
- Breach of Fiduciary Duty and Breach of Contract: Claims that Giacalone failed to act in the best interests of his clients and violated the terms of his contractual agreements.
- Negligence and Misrepresentation: Accusations that Giacalone failed to exercise due care in managing client accounts and misrepresented investment products.
Frank Giacalone Red Flags & Your Rights As An Investor
Of course, Frank Giacalone 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 Frank Giacalone at Aegis Capital Corp on alert to review carefully the activity and performance of their accounts and question whether Frank Giacalone 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 firm’s 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 Frank Giacalone
If you have questions about Aegis Capital Corp and/or Frank Giacalone 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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