NEIL JOSEPH GAGNON is currently employed as a Broker and/or Investment Adviser at GAGNON SECURITIES, LLC located at 1370 AVENUE OF THE AMERICAS, NEW YORK, NY, 10019.
NEIL JOSEPH GAGNON has worked at GAGNON SECURITIES, LLC since June 19, 2000
NEIL JOSEPH GAGNON has 4 Disclosure Event(s).
Date: September 10, 2014 Category: Regulatory
Date: January 06, 2000 Category: Customer Dispute Allegations: ARBITRATION PENDING BEFORE THE NASD IN NEW YORK. STATEMENT OF CLAIM HAS BEEN SERVED. OUR ANSWER IS DUE FEBRUARY 23. NO PANEL HAS BEEN APPOINTED. THE CLAIMED DAMAGES ARE $1.25 MILLION, PLUS PUNITIVES, ATTORNEYS' FEES, EXPENSES, ETC. THE CLAIMS INCLUDE VIOLATIONS OF ERISA, BREACH OF FIDUCIARY DUTY, AND CHURNING AND UNSUITABILITY IN VIOLATION OF RULE 10(B)-5. Damage Amount Requested: $1,250,000.00 Settlement Amount: $250,000.00
Date: November 08, 1999 Category: Customer Dispute Allegations: ALLEGED FRADULENT AND NEGLIGENT CONDUCT, BREACH OF FIDUCIARY DUTY AND BREACH OF CONTRACTUAL AND REGULATORY DUTIES IN THE HANDLING OF [CUSTOMER'S] ACCOUNT ON A DISCRETIONARY BASIS. [CUSTOMER] MAINTAINED A DISCRETIONARY TRADING ACCOUNT FOR OVER 17 YEARS. OVER THE LIFE OF THE ACCOUNT, [CUSTOMER] DEPOSITED $407,000 AND WITHDREW $1,969,000 FOR AN EQUIVALENT COMPOUNDED RETURN OF 10%. [CUSTOMER] COMPLAINS OF THE LOSS OF UNREALIZED PROFITS AND NOT ANY ACTUAL DAMAGES. THE INVESTMENT PHILOSOPHY AND TECHNIQUES FOLLOWED IN THE ACCOUNT HAVE BEEN THE SAME FOR OVER 10 YEARS. [CUSTOMER] IS A HIGHLY SOPHISTICATED INVESTOR WITH A SUBSTANTIAL NET WORTH AND IS A FORMER OFFICER AND DIRECTOR OF COMPANIES WITH LISTED PUBLICLY TRADED SECURITIES. Damage Amount Requested: $3,000,000.00 Damages Granted: $100,000.00
Date: February 16, 1999 Category: Customer Dispute Allegations: VIOLATION OF STATE SECURITIES LAWS, RULES OF THE NEW YORK STOCK EXCHANGE, BREACH OF CONTRACT, BREACH OF FIDUCIARY DUTY AND RELATED COMMON LAW CLAIMS PRINIPALLY FOR CONDUCT RELATED TO THE MANAGEMENT OF A DISCRETIONARY ACCOUNT. [CUSTOMER] HAS BEEN A CLIENT FOR OVER 20 YEARS. HER INITIAL INVESTMENT WAS $18,000 AND [CUSTOMER] RECEIVED $327,124 REPRESENTING A COMPOUND RETURN OF 15%. THE COMPLAINT IS ABOUT THE FAILURE TO MAINTAIN UNREALIZED PROFIT. THERE WERE NO ACTUAL LOSSES IN THE ACCOUNT. THE INVESTMENT PHILOSOPHY AND TECHNIQUES FOLLOWED IN THE ACCOUNT HAVE BEEN THE SAME FOR OVER 10 YEARS. Damage Amount Requested: $325,000.00 Damages Granted: $218,000.00
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