Randy Moening: Aegis Advisor Fired by RBC

Austin, Texas financial advisor Randy Moening (CRD# 3029155) was recently terminated from his position at RBC Capital Markets in connection with alleged rule violations. Financial Industry Regulatory Authority and Securities and Exchange Commission records show that he is now registered as a broker with Aegis Capital Corporation.

Mr. Moening’s BrokerCheck report discloses his termination from RBC Capital Markets. Filed in March 2025, it states that the firm fired him in connection with allegations that he violated the firm’s “Electronic Communications Policy, the Licensing & Registration Policy, and the Company Code of Conduct.” It adds that as of April 9, 2025, “the Firm has not received any client complaints arising out of the conduct.”

A second disclosure on his BrokerCheck report concerns his termination from Wells Fargo Clearing Services. Filed in 2023, it states that the firm fired him “after admitting to conducting business communications through technology that was not Firm-approved.” It also describes allegations that he “fail[ed] to escalate a customer complaint timely and sending to a client, through technology that was not Firm-approved, the client’s routing and account number.”

A third disclosure on his BrokerCheck report concerns an investor complaint against him. Filed in 2022, it alleged that he made unsuitable and unauthorized investments that he represented as conservative and liquid. In 2023 the complaint reached a settlement of $375,000.

In a statement included with the complaint’s disclosure, Mr. Moening wrote that he denied the allegations. “Claimant is a high net-worth and sophisticated investor who understood the risks and characteristics of his diversified fixed-income portfolio at Wells Fargo,” he added. “Any losses resulted from ordinary market and interest rate fluctuations and not from any alleged wrongdoing.”

According to the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Randy Moening holds 26 years of securities industry experience. Based in Austin, Texas, he has been registered as an investment advisor with Aegis Capital since May 2025. His past registrations include RBC Capital Markets, Wells Fargo Clearing Services, and Banc of America Investment Services. His credentials include the passage of seven securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Investment Company Products/Variable Contracts Principal Examination, or Series 26; the General Securities Principal Examination, or Series 24; the Uniform Combined State Law Examination, or Series 66; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Texas. (Information current as of June 2, 2025.)

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