ALAN ZELIG APPELBAUM is currently employed as a Broker and/or Investment Adviser at AEGIS CAPITAL CORP. located at 2700 N MILITARY TRAIL, SUITE 220, BOCA RATON, FL, 33431.
ALAN ZELIG APPELBAUM has worked at AEGIS CAPITAL CORP. since July 08, 2015
ALAN ZELIG APPELBAUM has 14 Disclosure Event(s).
Date: December 21, 2015 Category: Customer Dispute Allegations: ALLEGATIONS INCLUDE FAILURE TO RECOGNIZE CLAIMANTS CHANGE IN CIRCUMSTANCES AND DESIRE TO PURSUE A LOW RISK CONSERVATIVE STRATEGY, UNSUITABLE TRADING IN PROPRIETARY INVESTMENTS AND STRUCTURED PRODUCTS BETWEEN THE YEARS OF 2012 AND 2014. Damage Amount Requested: $50,000.00 Settlement Amount: $20,000.00
Date: August 11, 2015 Category: Customer Dispute Allegations: CLIENT ALLEGED UNSUITABLE PRODUCT AND CHURNING. Damage Amount Requested: $200,000.00
Date: August 25, 2014 Category: Customer Dispute Allegations: CLIENT ALLEGES BREACH OF FIDUCIARY DUTY, A FAILURE TO SUPERVISE, NEGLIGENCE, FRAUD, BREACH OF CONTRACT AND VIOLATION OF NASD AND FINRA RULES. Damage Amount Requested: $350,000.00 Settlement Amount: $25,000.00 14-02442
Date: September 16, 2009 Category: Customer Dispute Allegations: RECOMMENDATIONS NOT CONSISTANT WITH CLIENTS INVESTMENT GOALS AND OBJECTIVES Damage Amount Requested: $500,000.00 Broker Comment: THE [CUSTOMERS] HAVE BEEN CLIENTS OF MINE FOR MORE THAN 25 YEARS, THEY UNFORTUNATLEY LOST MONEY IN THE RECENT FINANCIAL MELTDOWN WHICH HAS LEAD TO THIS ARBITRATION. THE ARBITRATION PANEL FOUND THAT MR. APPELBAUM DID NOTHING WRONG AND DENIED THE CUSTOMERS CLAIM IN THEIR ENTIRETY
Date: July 05, 2006 Category: Regulatory
Date: March 07, 2006 Category: Customer Dispute Allegations: CUSTOMER FEELS BROKERS MARK-UP ON BONDS WERE EXCESSIVE. IMPROPER CONDUCT. Settlement Amount: $250,000.00 Broker Comment: THIS WAS A VERBAL COMPLAINT. BOTH THE FIRM AND THE REGISTERED REP DENIED MARK-UPS WERE EXCESSIVE. CLIENT IS AN EXPERIENCED INVESTOR WITH OVER 5 MILLION IN ASSETS IN ACCOUNT. IT WAS HIS MISINTERPRETATION OF THE REAL-TIME PRICING (TRACE) REPORTS THAT LED TO THIS ACCUSATION. THE MATTER WAS SETTLED AND ALL CLAIMS RELEASED TO AVOID A LENGTHY AND COSTLY RESOLUTION PROCESS.
Date: December 15, 2003 Category: Customer Dispute Allegations: CUSTOMER ALLEGES NEGLIGENCE,BREACH OF FIDUCIARY DUTY AND IMPROPER MANAGEMENT AND MONITORING OF HIS ACCOUNT Damage Amount Requested: $523,129.00 Settlement Amount: $42,500.00 Broker Comment: CUSTOMER IS A SOPHISTICATED INVESTORS WITH MANY YEARS OF EXPERIENCE WITH HIGH YIELD MUNI BONDS. CUSTOMER CLAIM HAS BEEN DENIED. SETTLED WITH CLIENT PRIOR TO GOING TO ARBITRATION TO AVOID COSTLY LITIGATION. ARBITRATION DISMISSED DUE TO SETTLEMENT.
Date: September 19, 2003 Category: Customer Dispute Allegations: FRAUD; NEGLIGENT MISREPRESENTATION; STRICT LIABILITY MISREPRESENTATION; UNSUITABILITY; AND COMMON LAW BREACH OF FIDUCIARY DUTY. Damage Amount Requested: $450,000.00 Broker Comment: CLAIMANT CUSTOMER'S CLAIMS WERE DENIED IN THEIR ENTIRETY. RESPONDENT WAS FOUND LIABLE TO CLAIMANT CUSTOMER FOR COMPENSATORY DAMAGES IN THE SUM OF $45,722.00
Date: April 21, 2003 Category: Customer Dispute Allegations: THE CUSTOMER ALLEGES THAT HER BROKER,MR.GREENE RECOMMENDED UNSUITABLE, SPECULATIVE SECURITIES. MR APPELBAUM IS BEING NAMED STRICTLY DUE TO THE FACT THAT HE WAS THE PRESIDENT OF A.F. BEST SECURITIES. Damage Amount Requested: $213,000.00 Damages Granted: $3,750.00 Broker Comment: MR APPELBAUM AND THE CUSTOMER WERE ABLE TO COME TO A SETTLEMENT PRIOR TO THE ARBITRATION. THE CUSTOMER HAS AGREED TO DROP MR. APPELBAUM FROM THE ARBITRATION CLAIM. THE ARBITRATION IS STILL PENDING AGAINST THE OTHER PARTIES.
Date: August 28, 2002 Category: Customer Dispute Allegations: THE STEPFATHER OF LAURENCE GREENE, HIS BROKER, COMPLAINS THAT THE PURCHASES OF HIGH YIELD BONDS WAS CONTRARY TO HIS INVESTMENT OBJECTIVES. Damage Amount Requested: $216,708.40 Settlement Amount: $2,500.00 Broker Comment: MR APPELBAUM AND THE CUSTOMER HAVE REACHED A SETTLEMENT IN WHICH CUSTOMER HAS AGREED TO AMMEND HIS CALIM AND REMOVE MR APPELBAUM FROM THE ARBITRATION
Date: May 22, 2002 Category: Customer Dispute Allegations: CLIENT EXPRESSED DISSATISFACTION WITH THE RECOMMENDATION OF VARIOUS MUNICIPAL BONDS MADE BY MR. APPELBAUM. Damage Amount Requested: $136,238.18 Settlement Amount: $15,000.00 Broker Comment: CLIENT IS A SOPHISTICATED INVESTOR WITH OVER 20 YEARS EXP WITH HIGH YIELD MUNI BONDS.SETTLEMENT REACHED IS A COMPROMISE OF DISPUTED CLAIMS AND SHOULD BOT BE CONSTRUED AS AN ADMISSION OF LIABILITY OR WRONGDOING.
Date: October 15, 2001 Category: Customer Dispute Allegations: CLIENTS EXPRESSED DISSATISFACTION WITH THE RECOMMENDATION OF VARIOUS MUNICIPAL BONDS MADE BY AE ALAN APPELBAUM. NO DAMAGES WERE SPECIFIED. Settlement Amount: $75,000.00 Broker Comment: THIS MATTER ORIGINALLY LODGED AS A VERBAL COMPLAINT, WAS SETTLED WITHOUT ANY ADMISSION OR CONCESSION OF LIABILITY.
Date: January 23, 1991 Category: Regulatory
Date: February 11, 1982 Category: Regulatory Initiated By: SECURITIES AND EXCHANGE COMMISSION Resolution: Order SanctionDetails: Sanctions: Censure Broker Comment: J.B. HANAUER & CO., A FIRM WITH WHICH MR.APPELBAUM WAS PREVIOUSLY AFFILIATED, WAS THE SUBJECT OFINJUNCTION PROCEEDINGS AND THAT FIRM WAS PERMANENTLY ENJOINEDFOR VIOLATING THE ANTI-FRAUD AND RECORD KEEPING PROVISIONS OFTHE FEDERAL SECURITIES LAWS AS WELL AS THE RULES OF MUNICIPALSECURITIES RULE MAKING BOARD. MR. APPELBAUM, HOWEVER, WAS NOTTHE SUBJECT OF THE INJUCTIVE ORDER, BUT RATHER, WAS SUBJECT TOA CENSURE.
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