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Aegis Capital Financial Advisor, Dominic Diorio, Has A Pending Complaint For $837,500

The Wolper Law Firm is currently investigating claims against Dominic Diorio, a Financial Advisor at Aegis Capital in Melville, NY.  Aegis Capital first entered the securities industry in 1996 and previously worked for several brokerage firms that have since been expelled by Financial Industry Regulatory Authority (FINRA), including Global Arena Capital Corp., Prestige Financial Center and Harrison Securities.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Dominic Diorio has three (3) customer complaints, including one pending complaint.

https://brokercheck.finra.org/individual/summary/2447817

Among the customer complaints against Dominic Diorio are the following:

  • February 2018—“Claimant alleges unauthorized trading and unsuitable investment recommendations.” Alleged damages are $769,690 and this matter remains pending.
  • September 2017—“Claimant alleges RR engaged in an unsuitable investment strategy.” The matter was settled for $837,500.

In addition, a prior criminal charge from 1996 is disclosed.

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 Dominic Diorio 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 lawyers 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.  His industry insight, experience and knowledge gives his clients a competitive advantage.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]