Red Bank Advisor Mickey Schreiber: New Investor Complaint

Aegis Capital financial advisor Mickey Schreiber (CRD# 1032600) has received multiple investor complaints alleging he engaged in misconduct, including unauthorized and excessive trading. Financial Industry Regulatory Authority records show that he is a broker based in Red Bank, New Jersey.

Mr. Schreiber’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in March 2022, alleges that as a representative of Aegis Capital, he recommended unsuitable investments and breached contract. The pending complaint alleges unspecified damages estimated to be greater than $5,000.

A second investor complaint, filed in 2020, alleged that as an Aegis Capital representative, he recommended unsuitable investments, executed unauthorized trades, engaged in churning in the account, misrepresented and omitted material facts, breached contract, breached his fiduciary duty, and acted negligently. The complaint reached a settlement of $40,000.

A third investor complaint, filed in 2000, alleged that Mr. Schreiber misrepresented and recommended unsuitable investments while at the Concord Equity Group. In 2002 the complaint reached a settlement of $80,000.

Another disclosure on Mr. Schreiber’s BrokerCheck report discloses a 2010 FINRA enforcement action against him. FINRA found that he violated firm policy by borrowing money from a customer and failed to inform his firm of the loan. FINRA issued him a 60-day suspension and a fine of $10,000.

According to the Financial Industry Regulatory Authority, Mickey Schreiber holds 40 years of securities industry experience. Based in Red Bank, New jersey, he has been a broker with Aegis Capital since 2016. His past registrations include National Securities Corporation, Newbridge Securities Corporation, Summit Brokerage Services, First Montauk Securities, the Concord Equity Group, and Mid-State Securities. His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the Municipal Securities Principal Examination, or Series 53; the Municipal Securities Representative Examination, or Series 52; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in California, Connecticut, Florida, Maryland, Mississippi, Nevada, New Jersey, New York, Pennsylvania, and Virginia. (Information current as of September 3, 2022.)

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