Investor Seeks $400,000 in Dispute with Keith D’Agostino
Keith D’Agostino (CRD #: 2837860), a broker registered with Aegis Capital, is involved in a pending dispute, according to his BrokerCheck record, accessed on June 30, 2022. Read on if you want to know more about Keith D’Agostino’s conduct as a broker.
On February 3, 2022, an investor alleged that Keith D’Agostino misrepresented and omitted material facts and committed a suitability violation from August 2018 to the date of dispute filing. The investor seeks $400,000 in this pending dispute.
On May 11, 2017, an investor named Keith D’Agostino in a dispute alleging poor performance of their account(s). The client sought $170,000 and received a settlement of $92,000.
In an older dispute filed on August 12, 2013, a client alleges that, from June 2010 to January 2013, Keith D’Agostino engaged in common law fraud, negligence and unjust enrichment. He also allegedly violated Florida state law. The investor sought $725,000 and received a settlement of $220,000.
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 which 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.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of manipulation, deception, and other unethical tactics to influence investors’ decisions. The misrepresentation and omission of information related to investments, such as their associated risks or fees, violate this rule.
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.
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
Keith D’Agostino is a registered broker in 15 states.
He has also registered with the following firms:
- 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 firstname.lastname@example.org 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.