Former Aegis Capital Broker Malcolm Segal Allegedly Transferred Funds into Own Account
Malcolm Segal, of Langhorne, Pennsylvania and Boynton Beach, Florida, is under scrutiny for after complaints from a Pennsylvania-based alleging that $225,000 was transferred from his account without his authorization, according to recent FINRA reports.
Segal, reportedly terminated by Aegis on July 28, 2014, after reports of a FINRA investigation regarding a customer complaint alleging that in December 2013, Segal, on an unauthorized basis, allegedly transferred money via wire from the client’s account, according to FINRA records.
Segal Reportedly Barred By FINRA
In addition to the aforementioned alleged malfeasance, a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) alleges that Segal failed to provide documents and information and appear for testimony.
Said AWC goes on to report that during the course of an investigation into allegations that Segal allegedly transferred Aegis’ customer funds via wire to an outside business under his control, and that FINRA requested documentation regarding this allegation, and Segal allegedly refused to cooperate with requests for documents and information and would not appear for testimony as requested.
By failing to respond to FINRA’s request for documents and information and for failing to appear for testimony, the AWC notes, Segal violated FINRA Rules, and later agreed to a bar from associating with any FINRA member firm in any capacity.
Investment Rights Lawyers Investigating
The Peiffer Wolf Carr & Kane investment rights lawyers often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment misconduct may contact the investment rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Malcolm Segal
Status: INVESTIGATED by Peiffer Rosca.
For brokercheck report and additional info click here!