MICHAEL FASCIGLIONE is currently employed as a Broker and/or Investment Adviser at AEGIS CAPITAL CORP. located at 42-40 BELL BLVD, SUITE 400, BAYSIDE, NY, 11361.
MICHAEL FASCIGLIONE has worked at AEGIS CAPITAL CORP. since September 13, 2017
Date: May 15, 2017 Category: Customer Dispute Allegations: UNSUITABILITY, BREACH OF FIDUCIARY DUTY, NEGLIGENCE Damage Amount Requested: $432,020.69 Broker Comment: I dispute all allegations and intend to vigorously defend that dispute.
Date: December 30, 2014 Category: Regulatory
Date: May 05, 2014 Category: Customer Dispute Allegations: SUITABILITY,BREACH OF CONTRACT,BREACH OF FIDUCIARY DUTY,NEGLIGENCE Damage Amount Requested: $1,729,699.80 Settlement Amount: $525,000.00 14-01268
Date: April 16, 2009 Category: Customer Dispute Allegations: FRAUD, BREACH OF CONTRACT, EXCESSIVE TRADING, UNSUITABILITY, AND NEGLIGENCE Settlement Amount: $150,000.00 Broker Comment: THE CLAIM ASSERTED BY THE CLAIMANTS AGAINST RR IS WITHDRAWN WITHOUT PREJUDICE IN ANTICIPATION OF A SETTLEMENT WITH FIRST MONTAUK.
Date: December 08, 2008 Category: Customer Dispute Allegations: CLAIMANTS ALLEGE FRAUD AND DECEIT, BREACH OF FIDUCIARY DUTY, BREACH OF CONTRACT AND NEGLIGENCE IN CONNECTION WITH A 1031 TAX EXCHANGE INVESTMENT. Damage Amount Requested: $442,000.00 Settlement Amount: $15,000.00 Broker Comment: THIS CASE WAS SETTLED WITHOUT ANY INPUT OR PRESENCE BY MY ATTORNEY OR ME. I HAVE HAD NO PART IN ANY OF THE SETTLEMENT NEGOTIATIONS AND BECAUSE THE SETTLEMENT HAD A CONFIDENTIALITY PROVISION, I DO NOT KNOW THE TERMS OF THE SETTLEMENT, AND THE FIRM'S DEFENSE COUNSEL WILL PROVIDE NO INFORMATION . I HAVE NOT CONTRIBUTED TO THE SETTLEMENT BUT DID RECEIVE NOTICE THAT I HAVE BEEN DISMISSED OF ALL CHARGES. U-4 UPDATE IS IMPOSSIBLE WITHOUT INCLUDING A DOLLAR AMOUNT FOR THE SETTLEMENT. THE DOLLAR AMOUNT REPORTED IS ARBITRARY, AND INCLUDED SOLELY AS A PRODUCT OF INSTRUCTION FROM CRD.
Date: November 06, 2007 Category: Customer Dispute Allegations: UNAUTHORIZED TRADE; UNSUITABILITY. Damage Amount Requested: $6,000.00 Broker Comment: THE CUSTOMER WAS SPOKEN TO SEVERAL TIMES AT GREAT LENGTH REGARDING THE TRANSACTIONS IN HER ACCOUNT. THE TRADES WERE AGREED TO BY THE CUSTOMER. SUBSEQUENTLY SHE CHANGED HER MIND. THE TRANSACTIONS WERE COMPLETELY SUITABLE. THE REVERSALS WERE MERELY DONE AS A CUSTOMER ACCOMMODATION AND NOT AS AN ADMISSION OF ANY WRONGDOING.
Date: February 28, 2005 Category: Customer Dispute Allegations: CHURNING, TAKING EXCESSIVE RISK. ALLEGED COMPENSATOR DAMAGES ARE BELIEVED TO BE GREATER THAN $5000.00 Damage Amount Requested: $5,000.00 Broker Comment: COMPLAINT WAS RECEIVED BY OPPENHEIMER & CO. AND I RECEIVED A COPY A FEEW DAYS LATER. I DISAGREE WITH ALL CLAIMS AND DENY ANY WRONGDOINGS.FIRM HAS DENIED THE COMPLAINT.
Date: July 28, 2004 Category: Regulatory
Date: August 22, 2002 Category: Customer Dispute Allegations: CLIENT ALLEGES MISREPRESENTATION, UNAUTHORIZED TRADING, FAILURE TO SUPERVISE AND SUITABILITY. Damage Amount Requested: $500,000.00 Damages Granted: $300,000.00
Date: January 12, 2001 Category: Customer Dispute Allegations: CLIENT ALLEGES THAT THE RR MADE SEVERAL UNAUTHORIZED TRADES IN HER ACCOUNT AND HER MOTHER'S IRA ACCOUNT. CLIENT ALSO CLAIMED THAT SHE SENT SEVERAL LETTERS REQUESTING THE TRADES BE CANCELLED, HOWEVER, NOTHING WAS DONE. Damage Amount Requested: $61,828.00 Settlement Amount: $526.65 Broker Comment: ALL TRADES WERE AUTHORIZED. THE CLIENT SUBSEQUENTLY SOLD THREE OF THE DISPUTED PURCHASES AT A PROFIT IN EXCESS OF $1,000. IN THE INTEREST OF GOOD CUSTOMER RELATIONS, THE OTHER TWO DISPUTED PURCHASES WERE CANCELLED WITH THE REGISTERED REPRESENTATIVE ABSORBING A LOSS OF APPROXIMATELY $500.00.
Date: November 19, 1999 Category: Customer Dispute Allegations: CUSTOMER ALLEGES THAT MR. FASCIGLIONE HAS ALLOWED HIS ACCOUNT TO EXCEED COMFORTABLE MARGIN BALANCES AND HAS CHARGED EXCESSIVE COMMISSION. Settlement Amount: $30,000.00 Broker Comment: THE SETTLEMENT REFLECTS A COMMISSION RESTRUCTURING WHERE THE CLIENT OPTED FOR A ONE-TIME PAYMENT AS OPPOSED TO THE AGREED UPON SCHEME OF FUTURE COMMISSION CREDITS.
Date: July 16, 1997 Category: Customer Dispute Allegations: SUITABILITY BRCH. OF FIDUCIARY DT; MISREPRESENTATION; ACCOUNT RELATED- FAILURE TO SUPERVISE Settlement Amount: $47,000.00 Broker Comment: PAYMENT OF SETTLEMENT-$47,000.00
Date: July 24, 1995 Category: Customer Dispute Allegations: SUITABILITY, FAILURE TO SUPERVISE Damage Amount Requested: $202,000.00 Settlement Amount: $120,000.00 Broker Comment: THIS CASE WAS SETTLED BY THE FIRM (CONTINENTAL BROKER-DEALER CORP). THE AMOUNT OF THE SETTLEMENT WAS $120,000.00. THE FIRM INFORMED ME THAT THIS SETTLEMENT WAS MORE FINANCIALLY PRUDENT FOR THEM AS OPPOSED TO PURSUING A VIGOROUS DEFENSE. THERE WAS NO ADMISSION OF ANY ALLEGATIONS.
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