New York-based Aegis Capital broker Christopher Griffith is the subject of a pending customer complaint. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Griffith (CRD# 5421640).
Christopher Griffith has spent eight years in the securities industry and has been registered with Aegis Capital Corporation in New York, New York since February 2015. Previous registrations include Blackbook Capital in New York, New York (2014-2015); Coastal Equities in New York, New York (2014); John Carris Investments, which has since been expelled by FINRA, in Hoboken, New Jersey (2012-2014); Charles Morgan Securities in New York, New York (2011-2012); and Fordham Financial Management in New York, New York (2008-20110. He is a registered broker with 25 US states and territories.
According to his BrokerCheck report, Christopher Griffith is the subject of one pending customer complaint.
In September 2015 a customer alleged Christopher Griffith, while employed at John Carris Investments, executed unauthorized options transactions, effected excessive trades, churned the account, and led an unsuitable investment strategy. The customer is seeking $45,000 in damages in the pending complaint.
FINRA rules and federal securities law forbid brokers like Christopher Griffith from effecting trades without a customer’s authorization. There are some exceptions, including discretionary accounts and, in some circumstances, margin accounts. Brokers, investment advisers, and broker-dealer firms who effect unauthorized trades may be subject to disciplinary action by FINRA or the Securities and Exchange Commission.
Christopher Griffith’s former employer, John Carris Investments, is itself the subject of six regulatory actions and one customer complaint, according to the firm’s BrokerCheck report. The firm was expelled from FINRA membership in December 2015 following allegations it failed to pay costs and/or fines associated with a prior FINRA case. Earlier, in 2014, a customer alleged John Carris Investments breached its fiduciary duty, misrepresented material facts related to an investment, breached his contract, and acted negligently. The complaint resulted in an award to the customer of more than $205,200.
If you have lost money investing with Christopher Griffith, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 without delay. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.
This information is based on publicly available documents provided by FINRA on March 21, 2016.