Advisor Alert: Our Attorneys Are Investigating Thomas Duggan For Investment Fraud
Did You Lose Money Because of Thomas Duggan?
Filed: March 20, 2024
Thomas Duggan currently has one (1) pending customer complaint. Overall, he has been the subject of eight (8) customer complaints and one (1) criminal event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Thomas Duggan.
Who Is Thomas Duggan?
- Advisor Name: Thomas Duggan
- Aliases: Thomas Duggan
- CRD: 2757615
- Location: Melville, New York
- Current Employer: Currently Not Registered
- Previous Firms: Aegis Capital Corp., Maxim Group LLC, and Investec Ernst & Company
- Number of Known Customer Complaints: 8
- Number of Known Criminal Events: 1
- Can Thomas Duggan Be Sued: Yes, in Private Arbitration
- Can Thomas Duggan’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,500,000
- Highest Settlement: $600,000
If you have suffered investment losses by Thomas Duggan, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Thomas Duggan For Broker Misconduct
As of this publication date, Thomas Duggan has been the subject of 8 customer disputes and 1 criminal event. Let’s review them below.
In November 2023, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitable investments, breach of contract, and breach of fiduciary duty. On February 9, 2024, Mr. Duggan settled the claim for $14,999, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In August 2023, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitable investments and breach of fiduciary duty. As of this publication date, this claim remains pending.
In January 2023, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitable investment strategy, excessive trading, breach of fiduciary duty, negligence & fraud. Per the customer, he/she lost over $1,500,000 because of Mr. Duggan’s actions. On October 31, 2023, Mr. Duggan settled the claim for $600,000, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In October 2022, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitable investment recommendations. On March 16, 2023, Mr. Duggan settled the claim for $75,000, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In June 2022, felony charges were pressed against Mr. Duggan in Nassau District Court for Hempstead, NY. Mr. Duggan received a felony charge for criminal possession of a controlled substance (5th).
In May 2021, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitable transactions, unauthorized trading, and excessive trading. Per the customer, he/she lost over $50,000 because of Mr. Duggan’s actions. On July 6, 2021, Mr. Duggan settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In January 2020, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging unsuitability, common law fraud, gross negligence, breach of contract, and elder abuse. Per the customer, he/she lost over $1,079,155.08 because of Mr. Duggan’s actions. On April 21, 2021, Mr. Duggan settled the claim for $145,000, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In January 2019, a FINRA arbitration was filed against or in reference to Thomas Duggan by a customer of Aegis Capital Corp. alleging breach of fiduciary duty, breach of contract, and misrepresentation. Per the customer, he/she lost over $80,000 because of Mr. Duggan’s actions. On February 16, 2022, Mr. Duggan settled the claim for $70,000, and some or all of this amount may have been paid by Mr. Duggan’s employer and/or insurance carrier.
In July 2001, a NASD arbitration was filed against or in reference to Thomas Duggan by a customer of Investec Ernst & Company alleging unauthorized purchase and sale. Per the customer, he/she lost over $1,264 because of Mr. Duggan’s actions. On July 26, 2001, Mr. Duggan settled the claim for $700.
How To File A Claim Against Thomas Duggan (previously with Aegis Capital Corp., Maxim Group LLC, and Investec Ernst & Company) To Get Your Money Back
If you have questions about Thomas Duggan, Aegis Capital Corp., Maxim Group LLC, Investec Ernst & Company, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.