Keith D’Agostino Allegedly Recommended Unsuitable Investments

Keith D’Agostino (CRD #: 2837860), a broker previously registered with EF Hutton, is involved in several pending disputes, according to his BrokerCheck record, accessed on August 1, 2025. Read on if you want to know more about his alleged conduct as a broker.

Investor Disputes

Keith D’Agostino has a lengthy record of misconduct allegations on his BrokerCheck record, with ten from 2024 alone. These disputes were collectively settled for over $3.9 million.

More recent disputes allege unsuitable investment recommendations, breaches of fiduciary duty, and negligence. 

On March 28, 2025, investors alleged that Keith D’Agostino recommended unsuitable investments. The investors are seeking $400,000. 

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must use the information in an investor’s profile, such as their risk tolerance, financial goals, and age, when making recommendations.

• Securities that are high-risk are often unsuitable, as are illiquid securities. Illiquid investments are intended to be held for long periods and investors typically face high fees for trying to cash out early. 
• Investments must also obey the requirement for quantitative suitability. Brokers must not execute an excessive number of trades, which generates fees and commissions that eat into investors’ returns for the benefit of the broker.
• Lastly, brokers must also recommend suitable investment strategies. A common unsuitable investment strategy is over-concentration, which generally involves too much risk for most investors.

What is broker negligence?

Many kinds of broker behavior can qualify as negligent. Common forms of negligent conduct include misrepresentations, unsuitable investment recommendations, and over-concentration of accounts.

Investors who feel their losses were caused by broker negligence may be able to recover their funds by seeking out FINRA arbitration.

Background Information

Keith D’Agostino has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination
• Series 9 – General Securities Sales Supervisor – Options Module Examination
• Series 24 – General Securities Principal Examination

He has registered with the following firms:

• EF Hutton (CRD #: 103792)
• Aegis Capital Corp (CRD #: 15007)
• Stifel, Nicolaus & Company (CRD#: 793)
• Oppenheimer & Company (CRD#: 249)
• Ladenburg, Thalmann & Company (CRD#:505)
• Wachovia Securities (CRD#:19616)
• Quick & Reilly (CRD#:11217)
• Ladenburg Capital Management (CRD#:14623)

Kurta Law Can Help

If you worked with Keith D’Agostino and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.