Aegis Capital Corp has agreed to pay a fine of $375,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA).

Between June 2017 and October 2021, Aegis did not establish, maintain, and enforce a supervisory system, including written supervisory procedures (WSPs), reasonably designed to prevent general solicitations of private placements.

Accordingly, Aegis violated FINRA Rules 3110 and 2010.

During that same period, Aegis sold 13 private placements claiming exemption from registration under Rule 506(b) of Regulation D, without having established a pre-existing, substantive relationship with all offerees, and therefore violated FINRA Rule 2010 for acting in contravention of Section 5 of the Securities Act of 1933.

In some instances with such offerings, the firm also sent communications that violated the content standards of FINRA Rule 2210(d).

Additionally, between August 2017 and May 2025, Aegis failed to provide prompt written notice that it had terminated research coverage of an issuer, in violation of FINRA Rules 2241(f) and 2010.

On top of the $375,000 fine, the firm has agreed to a censure.

Aegis Capital Corp. has been a FINRA member since July 1984. The firm is headquartered in New York, New York and engages in a general securities business. Aegis employs approximately 240 registered representatives in 20 branch offices.