Aegis Capital - Israels & Neuman, PLC

Matthew Winthrop Discharged by Equitable Advisors

Israels & Neuman, PLC — Fri, 07 Nov 2025 17:22:09 GMT

The securities arbitration law firm of Israels & Neuman is looking into allegations involving Matthew Winthrop, who was a representative of Equitable Advisors and worked in an Easton, Connecticut office. He was terminated by the firm in September 2025.

Allegations Against Matthew Winthrop

FINRA BrokerCheck discloses that Matthew Winthrop was fired by Equitable Advisors in September 2025. According to BrokerCheck, Equitable Advisors disclosed that he was “discharged for excessive trading in client brokerage accounts”. Excessive trading also is commonly referred to as “churning”, when an advisor makes a number of trades primarily to increase his compensation or commissions without any significant benefit to the client.

Background of Matthew Winthrop

Matthew Winthrop was licensed with Equitable Advisors from January 2022 to September 2025 in Easton, Connecticut. He is now registered with Aegis Capital and was previously with Aegis Capital from September 2017 to January 2022. Winthrop has also been the subject of five customer complaints in his 31 years in the securities industry.

Is Equitable Advisors Responsible for Winthrop’s Conduct?

FINRA Rule 3110 states that securities broker-dealers like Equitable Advisors must adequately monitor the activity of its advisors. Brokerage firms could be responsible for investor losses if it failed to reasonably supervise him.

We Help Investors in Connecticut

We represent investors throughout the United States as well as Connecticut, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Matthew Winthrop and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

View Winthrop’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798 We have experience representing Connecticut investors and are ready to help you recover what you deserve.

Dennis Herrera of Aegis Capital in Miami is Suspended

Israels & Neuman, PLC — Thu, 28 Aug 2025 18:54:14 GMT

FINRA Allegations Against Dennis Herrera

FINRA has brought a regulatory action against Dennis Herrera of Aegis Capital in Miami, Florida, alleging that he violated Regulation Best Interest (Reg BI) by excessively trading or churning two customers’ accounts. If you lost money investing with Herrera, you may have legal options to recover your losses. The securities arbitration law firm of Israels & Neuman is reviewing a FINRA action involving Dennis Herrera, a former representative of Aegis Capital.

As evidence of the excessive trading, FINRA alleged that the two accounts had cost-to-equity ratios of 25% and 28% respectively. This means that the accounts had to earn profits of 25% and 28% just to break even from the costs of trading, making it very difficult, if not impossible, for the investor to realize any gains.

Background on Dennis Herrera

Dennis Herrera had been a representative of Aegis Capital between March 2016 and October 2023. He worked at a Miami, Florida and a New York City office. He also operated companies called Nuday Capital and Nuday Assets. Herrera was also the subject of a customer complaint made in 2020, which settled for $56,817.

What If I Have Investment Losses?

Florida investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.

Dennis Herrera may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Aegis Capital may also bear responsibility if they failed to properly supervise Herrera or ignored warning signs.

We Represent Investors in Miami and Across Florida

At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Florida. Our attorneys have extensive experience handling claims involving Aegis Capital.

Find Herrera’s FINRA AWC here

Find Herrera’s BrokerCheck report here

Free Case Review — Speak to a Securities Fraud Attorney Today

If you invested with Dennis Herrera, contact us for a free case evaluation. Our attorneys are here to help you understand your rights and determine whether a claim through FINRA arbitration is right for you.

(720) 599-3505 or (206) 795-5798

RICK DAVIDSON of National Securities, Aegis Capital and Morgan Stanley

Israels & Neuman, PLC — Mon, 15 May 2023 19:31:52 GMT

Rick Davidson, Formerly of National Securities Corp., Aegis Capital, and Morgan Stanley

NEW YORK, NY

The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against Rick Davidson of New York City. Rick Davidson has been the subject of 12 customer complaints, including 6 complaints that have been filed within the last three years. Davidson has been alleged to have sold unsuitable investments, including structured products and bonds.

Rick A. Davidson was a registered representative of National Securities Corp. from June 2017 to August 2020. He was also with Jeffries LLC from May 2016 to July 2017, with Morgan Stanley from 2008 to June 2016, with Aegis Capital from June 2020 to January 2023, and with American Trust Investment Services from January 2023 to the present. He has worked at branch offices in New York, NY. Davidson also filed for bankruptcy in 2019.

Aegis Capital, National Securities Corp., and Morgan Stanley have obligations to adequately supervise all representatives who are registered through their firm. Failure to abide by these regulations could result in financial liability of the brokerage firms.

Our law firm represents investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including against National Securities Corp., Aegis Capital, and Morgan Stanley.

View Davidson, R BrokerCheck 6.9.21

If you lost money with Rick A. Davidson, Morgan Stanley, Aegis Capital, or National Securities Corp., contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

SURAGE ROSHAN PERERA of Aegis Capital is Indicted

Israels & Neuman, PLC — Tue, 28 Mar 2023 18:06:55 GMT

Surage Perera, formerly with the Aegis Capital Corp., Indicted

MELVILLE, NEW YORK

Have you lost money with financial advisor Surage Roshan Perera of Queens, New York? Surage Perera was previously affiliated with a brokerage firm called Aegis Capital Corp., from April 2018 to September 2022. He worked in a Melville, New York office but lived in Bellerose, Queens. Perera was indicted by the U.S. Attorney in the Eastern District of New York in March 2023.

Surage Roshan Perera was alleged to have solicited a client to invest in publicly traded stocks and induced the client to give him $4.2 million. Instead of investing the money was represented, Perera paid personal expenses, did day-trading in his own behalf, and paid purported redemptions to the client. Perera allegedly used a company called Janues Capital, Inc. to commit this fraud.

As a FINRA member, Aegis Capital Corp. has obligations to sufficiently supervise its representatives, including Surage Perera. A failure to do so could render Aegis Capital Corp. responsible for any investor losses.

Israels & Neuman PLC is a securities and investment fraud law firm that represents investors throughout the nation, including in New York and New Jersey. We have also sued dozens of different brokerage firms in the past, including Aegis Capital Corp.

View Perera s Indictment

View Perera s BrokerCheck 3.28.23

If you lost money with Surage Roshan Perera, Janues Capital, or Aegis Capital Corp., please Contact Us at 206-795-5798 for a free evaluation of your case.

DANIEL JAMES O’NEILL of Aegis is SUSPENDED for Excessive Trading

Israels & Neuman, PLC — Fri, 10 Dec 2021 21:17:31 GMT

MELVILLE, NY

Have you lost money with financial advisor Daniel James O’Neill of Aegis Capital in Melville, New York? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Daniel James O’Neill. Earlier in 2021, FINRA has named O’Neill in a regulatory complaint, alleging that O’Neill excessively traded or churned customer accounts. The excessive trading allegedly happened from July 2014 to June 2015. Customers may be able to recover their losses.

In December 2021, FINRA found that O’Neill engaged in excessive trading. O’Neill was suspended from the securities industry for six months. FINRA also considered fining O’Neill, but O’Neill submitted an affidavit showing a lack of ability to pay a fine.

Daniel O’Neill was a financial advisor and registered representative of Aegis Capital from April 2013 to July 2021. He worked at a branch office in Melville, New York. O’Neill has been the subject of at least two customer complaints and several tax liens.

Brokerage firms like Aegis Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Aegis Capital.

Click HERE to view O’Neill BrokerCheck Report

If you lost money with Daniel O’Neill or Aegis Capital, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

AEGIS CAPITAL Ordered to Pay Customers for Excessively Trading Accounts

Israels & Neuman, PLC — Wed, 10 Nov 2021 20:24:31 GMT

Have you lost money investing in variable annuities through Aegis Capital? We are currently investigating allegations made against Aegis Capital, a New York, New York-based securities brokerage firm. FINRA brought a regulatory action against the firm, alleging that its Melville, New York and Wall Street offices failed to adequately supervise advisors who were excessively trading or churning customer accounts. The brokerage firm was also alleged to have failed to adequately supervise the sales of inverse and leveraged ETFs.

To settle these allegations, Aegis Capital agreed to pay a $1.05 million fine and $1.69 million in restitution to effected customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including New York. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Aegis Capital.

View Aegis Capital BrokerCheck Report