The newest customer dispute on Thomas Kelly's BrokerCheck report (CRD 2877415) ended in a $175,000 settlement on May 15, 2025. The customer filed it on January 23, 2025, and the disclosure names Aegis Capital as the firm. A settlement is not an admission of wrongdoing.
The oldest dispute on Thomas Kelly's record began on October 1, 2018. That claim, docket 18-06639, involved equity / stock and alleged damages of $230,000. It settled on March 14, 2019, for $30,000.
Weeks later, on November 1, 2018, another customer filed against National Securities over penny / microcap stock. That customer alleged suitability problems, unauthorized trading and breach of fiduciary duty, and sought $500,000 under docket 18-03719. The dispute settled on February 26, 2021, for $55,000.
Microcap stocks come from small companies, and many trade over the counter rather than on a major exchange. Public information can be thin. Prices swing widely, and a large order can move the market.
Spreads between bid and ask prices also run wide, which raises the true cost of each trade. When we review a microcap claim, we look at how much of the account sat in a handful of names. Penny / microcap stock appears as the product in disputes on Thomas Kelly's record.
A customer filed against National Securities on February 26, 2020, under docket 20-00636, over penny / microcap stock. The allegations listed suitability, negligence, misrepresentation and omissions. With damages claimed at $33,000, the dispute settled on June 9, 2021, for $11,500.
On March 9, 2020, an Aegis Capital customer on Thomas Kelly's record filed docket 20-00036. That claim sought $50,668 and settled on February 4, 2022, for $20,651. BrokerCheck reports for Nick Eugene Son, Jason Tom Rossi and Danny Shiva Sookram list the same case number.
The last dispute before 2025 on Thomas Kelly's record involved a private placement. A customer filed it against National Securities on November 13, 2020, under docket 20-03788. It settled on October 12, 2021, for $60,000.
FINRA member firms must supervise the activities of their brokers. If you have questions about an account that Thomas Kelly handled, call Soreide Law Group at (888) 760-6552. You can also reach us online to speak with a securities attorney. FINRA arbitration is a national forum, so we represent investors in FINRA arbitration across the country. We handle these claims on a contingency fee basis. Learn how FINRA arbitration works.
This post summarizes public FINRA records, including BrokerCheck, as of October 31, 2026. Allegations in customer complaints and arbitrations are claims, not findings. A settlement is also not an admission of wrongdoing. FINRA may also update or correct these records after that date.
The newest customer dispute on Thomas Kelly's BrokerCheck report (CRD 2877415) ended in a $175,000 settlement on May 15, 2025. The customer filed it on January 23, 2025, and the disclosure names Aegis Capital as the firm. A settlement is not an admission of wrongdoing.
Claimants in a pending FINRA arbitration seek $1,000,000 in a limited partnership dispute naming Timothy Stauffer (CRD 4178198). Concorde Investment Services is the firm on the disclosure. The allegations are unproven, and no arbitrator has ruled.
Univest Securities is the firm named in a FINRA regulatory event on the BrokerCheck report of Xing Su (CRD 4031195). BrokerCheck shows the event received on September 3, 2026, under docket number 2024083689501.
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