Jason Rossi: $203K Complaint Against Aegis Capital Broker

Melville, New York financial advisor Jason Rossi (CRD# 4384426) allegedly churned investments and made unauthorized trades, according to a recent investor complaint. Financial Industry Regulatory Authority records indicate that the Aegis Capital broker has also been in involved in an investor complaint that reached a settlement.

Mr. Rossi’s BrokerCheck report discloses two investor complaints. The most recent, filed in December 2022, alleges that as a representative of Aegis Capital Corporation, he recommended unsuitable investments in unspecified products, churned investments in the customer’s account, breached his fiduciary duty to place the investor’s interests before his own, breached contract, engaged in unauthorized trading, acted negligently, and made misrepresentations and omissions of material facts. The pending complaint alleges damages of $203,007.

An earlier investor complaint, filed in 2004, alleged that as a representative of Aegis Capital, he recommended unsuitable securities, breached contract, and breached his fiduciary duty. In February 2022 the complaint reached a settlement of $38,964.08. In a statement included with the complaint’s disclosure, Mr. Rossi described the allegations as “simply untrue,” continuing: “I intend to defend myself rigorously against these baseless accusations. I am confident that they will be shown to contain no merit whatsoever.”

According to the Financial Industry Regulatory Authority, Jason Rossi holds 21 years of securities industry experience. Based in Melville, New York, he has been a broker with Aegis Capital Corporation since 2011. His past registrations include Global Arena Capital Corporation (New York, New York; 2010-2011), Prestige Financial Center (Melville, New York; 2006-2010), the Concord Equity Group (Garden City, New York; 2006), Gunnallen Financial (Tampa, Florida; 2005), SW Bach & Company (Port Washington, New York; 2004-2005), Harrison Securities (Port Washington, New York; 2002-2004), and Ladenburg Capital Management (Bethpage, New York; 2001-2002). His credentials include the passage of two securities industry quality exams: 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 currently holds 30 state licenses. (Information current as of January 23, 2023.)

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