KEITH M DAGOSTINO Fined and Suspended by FINRA

KEITH MICHAEL DAGOSTINO (KEITH M DAGOSTINO, KEITH DAGOSTINO) was fined $25,000.00 and suspended for 24 months with a start date of 1/5/2026, and an end date of 1/4/2028. Dagostino was with AEGIS CAPITAL CORP of Melville, New York from 10/03/2014 - 11/29/2023, and was last registered with EF HUTTON LLC of Woodbury, New York from 10/30/2023 - 10/30/2024.

According to the FINRA report, without admitting or denying FINRA’s findings, KEITH M DAGOSTINO consented to the sanctions and to the entry of findings that he allegedly willfully violated the Care Obligation under Rule 15l-1(a)(1) of the Securities Exchange Act of 1934 when he recommended that retired and senior investors purchase speculative and low-priced securities that were not in their best interests.

FINRA’s findings stated that KEITH M DAGOSTINO allegedly recommended that 10 clients purchase speculative low-priced securities from microcap issuers. The FINRA report states that each client had a low risk tolerance and investment objectives of preserving capital and generating income for retirement. Dagostino's recommendations to these clients allegedly caused over $1.8 million in losses, which his member firm repaid when they realized the losses were the alleged result of Dagostino's recommendations.

According to FINRA’s BrokerCheck, available to the public on FINRA’s website, KEITH M DAGOSTINO has been in the securities industry for 27 years and was listed with 8 firms.  Dagostino has 26 disclosures on his FINRA CRD report.  Of the 26 disclosures, 25 disclosures are “Customer Disputes.” The significance of Dagostino’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, KEITH M DAGOSTINO’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints. Some of the allegations listed in both the pending and settled disputes are in part: unsuitable investments, breach of contract, breach of fiduciary duty, negligence, over concentrated investments, suitability, and excessive trading.

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