Keith D’Agostino Allegedly Made Excessive Trades
Keith D’Agostino (CRD# 2837860), a broker registered with EF Hutton, recommended unsuitable investments, according to several customer disputes. MDF Law is investigating the Woodbury, New York-based financial professional for similar conduct. If you are a current or former client with concerns about your accounts, contact us for a free, confidential consultation.
To learn more about the allegations against Mr. D’Agostino, continue reading this post. The information herein is based on a September 23, 2024 review of his BrokerCheck profile, a Financial Industry Regulatory Authority record.
Pending Disputes Seek 7-Figure Damages
In 2023 and 2024, seven parties of investors lodged disputes involving Mr. D’Agostino that are still pending. These claims include allegations of unsuitable recommendations, account mismanagement, excessive trading, negligence, and breach of fiduciary duty. The claimants seek more than $1.5 million in cumulative damages.
Past Disputes Alleged Suitability Violations, Misrepresentation
The above-described disputes are not the only ones disclosed on Mr. D’Agostino’s BrokerCheck record. Between 2013 and 2018, eight parties of investors filed disputes that resolved with settlements. These claims detailed allegations, among others, of poor performance, and unsuitable recommendations. They also include allegations of misrepresentation and omission of material information, fraud, breach of fiduciary duty, and negligence. His former member firms settled the disputes for a total exceeding $1.4 million.
D’Agostino Called Past Allegations Meritless
Mr. D’Agostino issued statements defending himself against the allegations in several of the settled disputes. “The allegations are wholly without merit,” he asserted with regard to several claims. “All activity was consistent with the client’s investment objectives and risk tolerance and all transactions were specifically authorized by the client.”
Broker Describes “Client-Centric Philosophy”
In his professional website, Mr. D’Agostino outlines his career and background, explaining the qualities he brings to his work. “[H]e is renowned for his robust ethical standards and client-centric philosophy,” he writes in his “About Me” section. “His adept handling of the finance industry’s complexities has garnered him respect, client loyalty, and admiration from his peers, establishing him as a trusted advisor.”
FINRA: Keith D’Agostino Based in Woodbury, New York
Keith D’Agostino launched his career as a broker when he registered with Ladenburg Capital Management in 1997. He remained at the firm until 2002, when he departed for Quick & Reilly’s office in New York City. Over the course of his career, he’s worked at a variety of firms, including Wachovia Securities, Oppenheimer & Company, and Aegis Capital. He joined his current member firm, EF Hutton, in 2023, and has remained at its Woodbury, New York office since. With 27 years of experience as a broker, he has completed five industry exams, including the Series 63 and the Series 24.
MDF Law Advocates for Broker Fraud Victims
If you have lost funds on investments recommended by Keith D’Agostino, call MDF Law. Our team of attorneys has recovered more than $100 million in investment losses, and we offer free consultations across the United States. We only receive a fee if you win your case, which you may have a limited window to initiate. Call us at 800-767-8040 for a free consultation.