Securities Arbitration Lawyers BlogReporting Failures Cost Aegis Financial $1.3M In Fines
FINRA and the SEC has fined Aegis Capital $1.3 million stemming from multiple reporting violations, including failing to report suspicious trades to the SEC. The regulators also allege that Aegis CEO and owner Robert Eide was responsible for causing the violations when he failed to respond to reports of suspicious activity. He was fined separately.
Aegis was fined for four separate violations:
- Robert Eide, failure to file, $40,000