National investment loss lawyers KlaymanToskes is investigating Aegis Capital for their unsuitable sale and recommendation of investments in Vuzix Corp under the symbol VUZI to their customers. The law firm urges all current and former customers of Aegis Capital who suffered investment losses in excess of $100,000 to contact the firm immediately at 888-997-9956.
KlaymanToskes is investigating Aegis Capital and other brokerage/investment advisory firms who unsuitably recommended Vuzix Corp and other Aegis Capital-underwritten investment offerings to their customers. Aegis Capital underwrote a $7,000,350 offering of Vuzix Corp on July 30, 2013, which has had a post-offering return of -15.5% as of February 28, 2024.
As a registered FINRA broker-dealer, Aegis Capital has a responsibility to provide its customers with suitable investment advice, and to avoid conflicts of interest. Further, brokerage firms such as Aegis Capital are required to conduct complete and accurate due diligence and have a heightened duty to disclose any potential risks to its customers.
KlaymanToskes is investigating Aegis Capital and other brokerage/investment advisory firms who unsuitability recommended Vuzix Corp and other Aegis Capital -underwritten investment offerings to their customers. Investment firms may be held liable for any losses incurred by their customers in the event of unsuitable investment recommendations, misrepresentations or omissions of material facts, and/or an overconcentration of the customer’s portfolio in one particular investment, class, or market sector, as well as failure to conduct adequate due diligence on investment offerings underwritten by the firm.
As an investor, there are signs that you should look out for if you believe you have a claim against your broker/advisor for unsuitable investment recommendations in Aegis Capital -underwritten investments, including Vuzix Corp. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
KlaymanToskes is a leading law firm whose sole focus is in the area of securities arbitration and litigation. The firm has represented thousands of brokerage clients throughout the world that maintained accounts with U.S. brokerage firms, resulting in the recovery of over $250 million in FINRA arbitration cases.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you purchased unsuitable Vuzix Corp investments, or any other Aegis Capital-underwritten investments through your financial advisor/brokerage firm, and suffered losses in excess of $100,000, contact KlaymanToskes at 888-997-9956 or by email at investigations@klaymantoskes.com for a free and confidential consultation.