Advisor Alert: Our Attorneys Are Investigating Yann C Faho For Investment Fraud
Did You Lose Money Because of Yann (John) Faho?
Filed: January 16, 2024
Yann Faho (also known as Jann Faho and John Faho) has been the subject of one (1) regulatory event and two (2) customer complaints. 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 Yann Faho.
Who Is Yann C Faho?
- Advisor Name: Yann C Faho
- Aliases: Jann C Faho, John Faho, Yann Faho
- CRD: 5397543
- Location: New York, New York
- Current Employer: Currently Not Registered
- Previous Firms: Aegis Capital Corp., Spartan Capital Securities, LLC, and Olympia Asset Management, LTD.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Can Yann Faho Be Sued: Yes, in Private Arbitration
- Can Yann Faho’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $462,259.99
- Highest Settlement: $300,000
If you have suffered investment losses by Yann Faho, 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 Yann (John) Faho For Broker Misconduct
As of this publication date, Yann Faho has been the subject of 1 regulatory event and 2 customer disputes. Let’s review them below.
In December 2023, FINRA initiated a regulatory event against or in reference to Yann Faho. Without admitting or denying the findings, Faho consented to the sanctions and to the entry of findings that he caused his member firm to maintain incomplete books and records by using his personal mobile phone to communicate via text message with firm customers regarding securities-related business. The findings stated that these text messages included Faho seeking and obtaining authorization to buy and sell stocks, discussion of specific investment recommendations, provision of market updates, and conversations about account performance. Faho’s firm did not capture or maintain these test messages, as it was required to do under the Exchange Act and FINRA Rules.
In January 2021, a FINRA arbitration was filed against or in reference to Yann Faho by a customer of Aegis Capital Corp alleging poor performance. Per the customer, he/she lost over $180,000 because of Faho’s actions. On March, 2022, Faho settled the claim for $115,000, and some or all of this amount may have been paid by Faho’s employer and/or insurance carrier.
In August 2020, a FINRA arbitration was filed against or in reference to Yann Faho by a customer of Aegis Capital Corp alleging unauthorized trading, churning, breach of fiduciary duty, breach of contract, and unsuitable investments. Per the customer, he/she lost over $462,259.99 because of Faho’s actions. On July 7, 2021, Faho settled the claim for $300,000, and some or all of this amount may have been paid by Faho’s employer and/or insurance carrier.
How To File A Claim Against Yann (John) Faho (previously with Aegis Capital Corp., Spartan Capital Securities, LLC, and Olympia Asset Management, LTD.) To Get Your Money Back.
If you have questions about Yann Faho, Aegis Capital Corp., Spartan Capital Securities, LLC, Olympia Asset Management, LTD., 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.