Eyal Farag At Center Of Aegis Capital Corp Client Dispute About Negligence

Investors reportedly complained about securities broker Eyal Farag (also known as Al Farag and as Alan Farag) [CRD: 3072211, Melville, New York], based on disclosures on FINRA BrokerCheck. Eyal Farag worked for Aegis Capital Corp. from September 8, 2014 to January 20, 2023. See the following information to know more about the securities broker’s disclosures.

Aegis Capital Corp. Investor Accused Al Farag Of Breach Of Fiduciary Duty

Evidently, a client filed a complaint about Eyal Farag. Supposedly, Farag made unsuitable recommendations and breached his fiduciary duty. As a result, the client allegedly experienced damages. Consequently, on June 20, 2025, Aegis Capital Corp. settled this matter by paying the client $100,000.00 in damages.

Eyal Farag Disclosed Churning Allegations By Aegis Capital Corp. Client

Also, a client of Aegis Capital Corp. contested Eyal Farag’s sales practices in FINRA Arbitration No. 23-01129. Allegedly, Farag was negligent, breached a contract, and churned the client’s stock holdings. Therefore, Aegis Capital Corp. opted to settle the matter on October 14, 2024, by compensating the client in the amount of $40,000.00.

Investor Accused Al Farag Of Unauthorized Trading

Also, on December 20, 2000, a Broadband Capital Management LLC client filed a complaint about Eyal Farag. Mainly, the client alleged that Farag engaged in unauthorized trading concerning over-the-counter equities. Consequently, the client requested $16,000.00 in compensation from Broadband Capital Management LLC or Farag. However, the firm closed this complaint without a resolution.

Eyal Farag Disclosed Unauthorized Trading Allegations By D.L. Cromwell Investments Inc. Client

Additionally, a client of D.L. Cromwell Investments Inc. took aim at Eyal Farag’s sales practices, according to a complaint dated July 26, 1999. Allegedly, Farag engaged in unauthorized trading. It appears that Farag allegedly caused the client to sustain damages linked to equities. So, the client sought compensation from D.L. Cromwell Investments Inc. or Farag in the amount of $135,000.00 in this matter.

Were You Impacted By Financial Advisor / Securities Broker Farag?

Do you need clarification on any investment losses relating to Eyal Farag? You can get in touch with Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a possible recovery. Soreide Law Group helps to recover losses for investors throughout the USA. Also, the firm works on a contingency fee basis and advances all costs. Farag and brokerage firms Farag worked for deny allegations of sales practice violations.