Financial Industry Regulatory Authority (FINRA) BrokerCheck reports that investors disputed securities broker Gerald “Gerry” Richard Sharpe Jr. (CRD#: 2109210, Red Bank, New Jersey). It appears that Sharpe is an Aegis Capital Corp securities broker (2016 to present) and also worked for securities firms JW Barclay and Newbridge Securities. Evidently, clients filed disputes which are explained below.
Evidently, in a dispute dated April 2021 (A FINRA Arbitration claim filed in Des Moines, Iowa), a client claimed that Gerry Sharpe provided unsuitable recommendations in 2012-2020. Basically, investments are possibly unsuitable when they are not aligned to the client’s risk tolerance, investment objectives, and financial needs, among other things. Allegedly, Sharpe’s advice caused damages, and the client seeks $283,716.78 at the present time to resolve this matter.
Notably, a second Aegis Capital Corp client disputed Gerry Sharpe’s sales practices. In this November 2019 FINRA Arbitration Claim, the client first alleged that Sharpe made unsuitable trades. Secondly, the claim alleges gross negligence. Thirdly, Sharpe purportedly acted in breach of contract and breach of fiduciary duty. Finally, the broker faces accusations of unauthorized trading in the client’s account. It appears that Aegis Capital Corp settled this matter through making a $40,000 payment to the client in November 2019.
Evidently, three more disputes appear on Gerry Sharpe’s record. It seems that those disputes concern Sharpe’s actions at JW Barclay. In one of the disputes, the client claimed unauthorized trading. However, the firm denied this matter. In the second claim, the client contended that Sharpe provided poor advice. That matter settled for $225,000 in compensation. And the third investor made allegations of misrepresentation in connection with stock purchases. Evidently, this client received a $9,9000 payment to resolve the allegations of sales practice violations.
Apparently, Gerry Sharpe denies allegations of sales practice violations that are referenced on FINRA BrokerCheck. Have you experienced investment losses by interacting with this broker? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses because of their securities brokers and financial advisors.
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