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Keith Connolly: Seven Customer Complaints and Counting

shutterstock_1100090The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding New York-based Aegis broker Keith Connolly (CRD# 2667382).

Keith Connolly has spent nineteen years in the securities industry and has been registered with Aegis Capital in Melville, New York since July 2015. Previous registrations include JD Nicholas & Associates in Syosset, New York (2008-2015); New Castle Financial Services in Melville, New York (2007-2008); Pointe Capital in Bethpage, New York (2006-2007); Vision Securities in Melville, New York (2004-2006); SW Bach & Company in Port Washington, New York (2004); Continental Broker-Dealer Corporation in Carle Place, New York (2003-2004); Harrison Securities in Port Washington, New York (2001-2003); Whitehall Wellington Investments in Port Washington, New York (1999-2000); First Liberty Investment Group in Philadelphia, Pennsylvania (1999); Pacific Continental Securities in Beverley Hills, California (1998-1999); DL Cromwell Investments in Boca Raton, Florida (1998); Duke & Company in New York, New York (1997-1998); Stratton Oakmont in Lake Success, New York (1995-1996); and the JB Sutton Group in Melville, New York (1996). Of his former employers, six have since been expelled by the Financial Industry Regulatory Authority (FINRA): New Castle Financial Services, Continental Broker-Dealer, Harrison Securities, D.L. Cromwell Investments, and Stratton Oakmont. Mr. Connolly is a registered broker in eighteen US states.

According to his BrokerCheck report, Keith Connolly is the subject of seven customer complaints, two pending customer complaints, and four customer complaints that were closed or denied.

  • In 2014 a customer alleged Keith Connolly, while employed at JD Nicholas & Associates, over-concentrated and failed to supervise the account, churned the account, acted negligently, and made unsuitable investment recommendations. The customer is seeking $187,855 in damages in the pending complaint.
  • In 2014 a customer alleged Keith Connolly, while employed at JD Nicholas & Associates, failed to adhere to his ‘basic duties” in the opening and supervision of accounts. The customer is seeking more than $776,300 in the pending complaint.
  • In 2012 a customer alleged Keith Connolly, while employed at A&F Financial Securities, executed unauthorized trades and churned the account. The complaint settled in 2013 for $24,900.
  • In 2009 a customer alleged Keith Connolly, while employed at A&F Financial Securities and New Castle Financial Services, caused market losses through active trading. The complaint settled in 2010 for $56,000.
  • In 2007 a customer alleged Keith Connolly, while employed at Vision Securities, breached his fiduciary duty and misrepresented material facts related to an investment. The complaint resulted in an award to the customer of more than $2,700.
  • In 2006 a customer alleged Keith Connolly, while employed at Vision Securities, executed an unauthorized trade. The complaint settled  $3,166.
  • In 2003 a customer alleged Keith Connolly, while employed at Harrison Securities, executed unauthorized trades, provided poor performance, failed to follow instructions, charged excessive commissions, and made unsuitable investment recommendations. The complaint settled in 2004 for $37,500.
  • In 2002 a customer alleged Keith Connolly, while employed at Harrison Securities, executed unauthorized trades. The complaint settled in 2003 for $25,000.
  • In 1996 a customer alleged Keith Connolly, while employed at Stratton Oakmont, breached his fiduciary duty, breached contract, and acted negligently. The complaint settled in 1999 for $38,000.

If you have lost money investing with Keith Connolly, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. Fitapelli Kurta takes every case are taken on a contingency basis, which means Fitapelli Kurta only gets paid if and when you collect money. By law there may be a limited window to file your claim, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.