Complaint Involving Former Aegis Broker Yann Faho Settles for $300,000

Yann Faho (CRD #: 5397543), a broker formerly registered with Aegis Capital Corp, is involved in two investor disputes, according to his BrokerCheck record[1], accessed on January 10, 2022. If you or someone you know lost money investing with him or Aegis Capital, please contact or law firm at 800-767-8040 for a free and confidential consultation of your claim. The law limits the time you have to act – don’t delay.

Investor Complaints Reported to FINRA

On January 27, 2021, an investor alleged that their securities had suffered from poor performance. The investor is seeking $180,000; the dispute is pending.

On August 7, 2020, an investor alleged that Yann Faho of Aegis Capital executed unauthorized and excessive trades in order to generate more commissions [2]for himself, also known as “churning.” They further alleged that Faho recommended unsuitable investments. The investor is seeking $462,259.99; the dispute settled for $300,000.

Yann Faho No Longer Registered with Aegis Capital

Faho has passed the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, and the Series 7 General Securities Representative Examination. He is a registered broker in 17 states.

During his 11 years in the securities industry, Faho has worked at the following firms:

• Aegis Capital Corp (CRD #: 15007)
• Spartan Capital Securities (CRD #: 146251)
• Olympia Asset Management (CRD #: 126331)
• National Securities Corporation (CRD #: 7569)
• PHD Capital (CRD #: 38785)
• John Thomas Financial (CRD #: 40982)
• Mercer Capital LTC (CRD #: 104012)

Did You Lose Money Investing with Yann Faho?