oreide Law Group has filed a FINRA arbitration on behalf of their client (Claimant) against, AEGIS CAPITAL CORP (Respondent).
The Claimant is a retiree living in Colorado. The Claimant brings this action to recover the losses allegedly experienced due to AEGIS CAPITAL CORP and its former financial advisor, TARIQ MUHAMMED SALES (Also known as: TARIQ M SALES, TERRANCE SALES, TARIQ M TERRANCE) CRD#: 2851440.
The Claimant’s relationship began with AEGIS CAPITAL CORP and their former advisor, Tariq “Terrance” Sales, after the Claimant allegedly received a cold call from Sales. The lawsuit alleges that the Respondent and Sales understood that the Claimant did not want to take any unnecessary risks with his savings. The lawsuit states that the Claimant’s investment goals and risk tolerance were minimal risk. The lawsuit alleges that the Respondent and Tariq “Terrence” Sales engaged in an investment strategy which caused the Claimant to lose his irreplaceable retirement savings. Allegedly, the Claimant was also charged high fees and commissions. The lawsuit alleges that the Claimant has suffered damages of $499,999.
The lawsuit’s allegations against AEGIS CAPITAL CORP include: negligence, breach of fiduciary duty, breach of contract, and violation of FINRA rules.
According to FINRA’s BrokerCheck, TARIQ “TERRANCE” MUHAMMED SALES, has three Disclosures on his report. Sales is not currently registered as a broker. Tariq Sales has been registered in the securities industry for 28 years and was listed with 8 firms, the two most recent listed below:
2/19/2014 – 12/04/2018 NEWBRIDGE SECURITIES CORPORATION – NEW YORK, NY
03/23/2010 – 12/26/2014 AEGIS CAPITAL CORP – NEW YORK, NY
If you or an elderly family member have experienced losses due to the actions or recommendations of AEGIS CAPITAL CORP and/or their former broker, TARIQ “TERRANCE” MUHAMMED SALES, of New York, contact Soreide Law Group and speak at no cost to an experienced securities lawyer regarding the possible recovery of your investment losses through a FINRA arbitration at: 888-760-6552.
Soreide Law Group works on a contingency fee and represents our clients nationwide before FINRA.