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Thomas Kelly: Complaints Against New York City Financial Advisor

Settled and pending complaints against New York City broker and investment advisor Thomas Kelly (CRD#: 2877415) allege conduct including unauthorized trading, negligence, suitability violations, and more. Kelly is a former representative of National Securities Corporation, according to information drawn from Financial Industry Regulatory Authority records.

A pending 2019 alleges that as a representative of National Securities Corporation, Thomas Kelly executed unauthorized trades and made unsuitable investment recommendations. The complaint alleges damages of $4,200,000.

A pending 2018 alleges that as a representative of National Securities Corporation, Thomas Kelly engaged in unauthorized trading, acted negligently, recommended unsuitable equity products, and breached his fiduciary duty. The complaint alleges damages of $500,000.

A pending 2018 alleges that as a representative of National Securities Corporation, Thomas Kelly misrepresented and recommended unsuitable investments, breached his fiduciary duty, and breached contract. The complaint alleges damages of $750,000.

A 2018 complaint alleged that as a representative of National Securities Corporation, he misrepresented material facts, acted negligently, and breached his fiduciary duty. The complaint reached a settlement in 2019 of $30,000.

A 2018 complaint alleged that as a representative of National Securities Corporation, he engaged in excessive trading. The complaint reached a settlement of $12,000.

A 2009 complaint alleged that as a representative of First Republic Group, he executed excessive trades, made false and misleading statements, committed fraud, misrepresented material facts, and breached his fiduciary duty. The complaint reached a settlement of $14,000.

A 2008 complaint alleged that as a representative of First Republic Group, he misrepresented material facts, violated federal and state securities law, breached contract, and made unsuitable investment recommendations. The complaint reached a settlement of $18,000.

A 2006 complaint alleged that as a representative of First Republic Group, he made unsuitable investments, executed excessive trades, and charged excessive commissions. The complaint reached a settlement of $88,000.

A 2005 complaint alleged that as a representative of First Republic Group, he churned investments and made unsuitable transactions. The complaint reached a settlement of $75,000.

Thomas Kelly is currently registered with Aegis Capital in New York City, where he has been registered since 2018. His employment history includes National Securities Corporation in New York City; First Republic Group in New York City; Northeast Securities in Mitchelfield, New York; and Nichols Lerner & Company in New York City. He currently holds 26 state licenses and has passed three securities industry qualification examinations.

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