Cove Capital’s Keith D’Agostino: $400K Private Placement Complaint

Keith D’Agostino (CRD# 2837860), an Aegis Capital broker, has received investor complaints alleging breach of fiduciary duty, fraud, and other forms of misconduct. Financial Industry Regulatory Authority records show that he is based in Melville, New York, and also operates as the founder of Cove Capital Partners. 

Mr. D’Agostino’s BrokerCheck report discloses three investor complaints. The most recent, filed in 2022, alleges that as a representative of Aegis Capital, he misrepresented and omitted material facts, breached his fiduciary duty, and recommended an unsuitable private placement investment. The pending complaint alleges damages of $400,000.

In a statement on the pending complaint’s disclosure, Mr. D’Agostino describes the allegations as meritless. “Every investment, including the risks associated therewith, were discussed with the client prior to making any investment,” he wrote, continuing: “The client completed subscription documents verifying their suitability for the investments prior to making any investment, and the client’s accounts were profitable at the time of transfer out of Aegis.” He concluded by stating his intention to “vigorously” defend the matter.

An earlier investor complaint, filed in 2017, alleged poor performance in relation to unspecified investments. The complaint reached a settlement of $92,000.

A third investor complaint, filed in 2013, alleged that as a representative of Stifel Nicolaus & Company, he breached his fiduciary duty, was negligent, committed common law fraud, violated Florida law, and engaged in unjust enrichment. In 2014 the complaint reached a settlement of $220,000.

According to the Financial Industry Regulatory Authority, Keith D’Agostino holds 25 years of securities industry experience. Based in Melville, New York, he has been a broker with Aegis Capital since 2014. His past registrations include Stifel Nicolaus & Company (Oyster Bay, New York; 2010-2014), Oppenheimer & Company (Melville, New York; 2005-2010), Ladenburg Thalmann & Company (New York, New York; 2003-2005), Wachovia Securities (St. Louis, Missouri; 2003), Quick & Reilly (New York, New York; 2002-2003), and Ladenburg Capital Management (Bethpage, New York (1997-2002). His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Sales Supervisor – Options Module Examination, or Series 9; 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, Illinois, Indiana, Kansas, Nebraska, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Texas, and Virginia. (Information current as of June 13, 2022.)

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