Aegis Capital Financial Advisor, Damian Mamane, Has $600,000 Complaint For Unauthorized Trading

The Wolper Law Firm is currently investigating claims against Damian Mamane, a Financial Advisor at Aegis Capital in Boca Raton, FL.  Damian Mamane has been in the securities industry since the 2001 and previously worked for Gunallen Financial

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Damian Mamane has a pending customer complaint for $600,000 in which the customer alleged “fraud, excessive trading, unauthorized trading, churning…”   The matter remains pending.

https://brokercheck.finra.org/individual/summary/4424077#disclosuresSection

In addition to the foregoing customer complaint, Damiane Mamane was the subject of a second customer complaint in 2013 in which the customer alleged “unsuitable trades” caused him/her $900,000 in damages.

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives.  Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.  To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

If you or someone you know was a customer of Damiane Mamane, and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities.  Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters.  Simply put, he knows how the other side evaluates cases, which gives you a competitive advantage.