Thomas Kelly Jr., Broker with Aegis Capital, Named in Multiple Customer Disputes Alleging Unsuitable Investment Recommendations

Kelly is currently facing three pending customer disputes seeking a combined total of over $550K in damages.

The Sonn Law Group is investigating allegations that Thomas Kelly Jr. committed misconduct.  If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Thomas Edison Kelly Jr. (CRD#: 2877415) is currently registered as a broker with Aegis Capital in New York, NY where he has been employed since 2018. Previously, Kelly was registered as a broker with National Securities Corporation from 2008 until 2018. Prior to National Securities Corp. Kelly was registered as a broker with First Republic Group, who has since been expelled by FINRA. 

Kelly has sixteen disclosures on his BrokerCheck report.

June 2020 Judgment / Lien

• Judgment / Lien Amount: $2,444,845.28
• Judgment / Lien Type: Tax

March 2020 Customer Dispute

• Status: Pending
• Allegations: “Time Frame: Unspecified. Claimant alleges unsuitability, breach of contract, breach of fiduciary duty.”
• Damage Amount Requested: $50,668.00

February 2020 Customer Dispute

• Status: Pending
• Allegations: “Suitability, negligence, misrepresentation & omissions.”
• Damage Amount Requested: $33,000.00
  

March 2019 Customer Dispute

• Status: Denied
• Allegations: “Time Frame: Unspecified. Unauthorized trading, suitability.”

November 2018 Customer Dispute

• Status: Pending
• Allegations: “Suitability, unauthorized trading, breach of fiduciary duty and negligence.”
• Damage Amount Requested: $500,000.00

October 2018 Customer Dispute

• Status: Settled
• Allegations: “Time Frame: Unspecified. Claimant alleges misrepresentation, negligence, breach of fiduciary duty.”
• Damage Amount Requested: $230,000.00
• Settlement Amount: $30,000.00
  

August 2018 Customer Dispute

• Status: Settled
• Allegations: “Time Frame: Unspecified. Claimant alleges unsuitable recommendations, misrepresentations, omissions, breach of fiduciary duty, negligence and breach of contract.”
• Damage Amount Requested: $750,000.00
• Settlement Amount: $200,000.00

July 2018 Customer Dispute

• Status: Settled
• Allegations: “Time Frame: Unspecified. Excessive Trading.”
• Damage Amount Requested: $211,844.00
• Settlement Amount: $12,000.00
• March 2018 Customer Dispute
• Status: Closed – No Action
• Allegations: “Unauthorized Trading”
• Damage Amount Requested: $98,575.00
• Broker Comment: “Trade request cancelled pursuant to the clients’ request.”

January 2012 Customer Dispute

• Status: Withdrawn
• Allegations: “Misrepresentation and poor advice.”
• Damage Amount Requested: $16,700.00
  

June 2009 Customer Dispute

• Status: Settled
• Allegations: “Excessive trading, false & misleading statements, fraud, negligence, misrepresentation, breach of fiduciary duty”
• Damage Amount Requested: $100,000.00
• Settlement Amount: $14,000.00

December 2008 Customer Dispute

• Status: Settled
• Allegations: “Misrepresentation, violation of Arizona Securities Act, violation of federal securities law, breach of contract, and unsuitability.”
• Damage Amount Requested: $4,570,400.00
• Settlement Amount: $18,000.00
• Broker Comment: “Registered representative adamantly denied any and all allegations of wrongdoing as concerns the customer arbitration claim that sought damages of approximately $100,000.00. Upon the advice of counsel, registered representative settled the dispute for $9,000 as a business decision.” 

March 2007 Customer Dispute

• Status: Closed – No Action
• Allegations: “Unauthorized trading, mutual fund switching.”
• Damage Amount Requested: $9,000.00
• Broker Comment: “Claim is simply false. Client placed a number of trades and then sent in his checks 15 days late. There was no unauthorized transaction the account was sold out due to non payment as per Regulation T. The claim of mutual fund switching does not apply as the only sales in this account were due to late or non payment. All transactions were done with new money – no mutual funds were bought with proceeds.”

June 2006 Customer Dispute

• Status: Settled
• Allegations: “Suitability, excessive trading and commissions.”
• Damage Amount Requested: $110,000.00
• Settlement Amount: $88,000.00

January 2005 Customer Dispute

• Status: Settled
• Allegations: “Churning, unsuitable transactions”
• Damage Amount Requested: $145,000.00
• Settlement Amount: $75,000.00

March 2003 Customer Dispute

• Status: Settled
• Allegations: “Failure to execute”
• Damage Amount Requested: $8,200.00
• Settlement Amount: $4,200.00

Contact Us Today

The Sonn Law Group is currently investigating allegations that Thomas Kelly Jr. committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.