AEGIS CAPITAL CORP

03/28/2018: FINANCIAL INDUSTRY REGULATORY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013038750901 TO: Department of Enforcement Financial Industry Regulatory Authority (“FINRA”) RE: Aegis Capital Corp., Respondent CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA’s Code of Procedure, Respondent submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing

Reference 2013038750901data-portal.finra.orgfinra.org

06/05/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20120334788-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the

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03/24/2026: Between January 2021 and January 2025, in 90 instances, Aegis submitted untimely or incomplete restricted period notifications and trading notifications, or failed to submit such notifications, with FINRA in connection with its participation in security distributions that were subject to Regulation M of the Securities Exchange Act of 1934, in violation of FINRA Rules 5190 and 2010. In addition, between August 2019 and the present, Aegis failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with FINRA Rule 5190, in violation of FINRA Rules 3110 and 2010. Finally, Aegis made inaccurate representations in a Corrective Action Statement it submitted to FINRA with the July 2019 AWC described above, in violation of FINRA Rule 2010. For these violations, Aegis is censured and fined $400,000, of which $185,000 shall be paid to FINRA. The firm must certify that it will enhance its supervisory procedures.

Reference 2021073044801data-portal.finra.orgfinra.org

12/30/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20140407749-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent (''AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2014040774901data-portal.finra.orgfinra.org

05/14/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130371396-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2013037139601data-portal.finra.orgfinra.org

08/03/2015: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS Department of Enforcement, Complainant, v. Aegis Capital Corp. (CRD No. 15007), Charles D. Smulevitz (CRD No. 5099387), and Kevin C. McKenna (CRD No. 1343870), Respondents. Disciplinary Proceeding No. 2011026386001 Hearing Officer Rochelle S. Hall ORDER ACCEPTING OFFER OF SETTLEMENT Date: August 3, 2015 INTRODUCTION Disciplinary Proceeding No. 2011026386001 was filed on August 12, 2014, by the Department of Enforcement

08/12/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY OFFICE OF HEARING OFFICERS DEPARTMENT OF ENFORCEMENT, Complainant, v. AEGIS CAPITAL CORP. (CRD No. 15007), CHARLES D. SMULEVITZ (CRD No. 5099387), and KEVIN C. McKENNA (CRD No. 1343870), Respondents. DISCIPLINARY PROCEEDING No. 2011026386001 COMPLAINT The Department of Enforcement alleges: SUMMARY 1. Between April 2009 and June 2011 (the "relevant period"), Aegis Capital Corp. liquidated nearly 3.9 billion shares of five microcap stocks that seven customers

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03/29/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20130366692-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp, (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ('"AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2013036669201finra.orgdata-portal.finra.org

12/14/2018: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2015047803301 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of

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09/20/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2016048939201 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC")

Reference 2016048939201data-portal.finra.orgfinra.org

01/29/2026: 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. For these violations, Aegis is censured and fined $375,000.

Reference 2020066825601data-portal.finra.orgfinra.org

07/11/2006: NASD LETTER OF ACCEPTANCE, WAIVER AND CONSENT 20042000170-01 TO: Department of Market Regulation NASD RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to Rule 9216 of NASD Code of Procedure, Aegis Capital Corp. (the "firm" or "AGIS") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described in Part II below. This AWC is submitted on the condition that, if accepted, NASD will not bring any future

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07/10/2019: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2013038210402 TO: Department of Enforcement Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "Firm" or "Respondent"), submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule

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07/22/2016: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20140399435-02 TO: Dcpartment of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp., (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described below

Reference 2014039943502data-portal.finra.orgfinra.org

11/08/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER, AND CONSENT NO. 2016051704305 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Aegis Capital Corp. (Respondent) Member Firm CRD No. 15007 Pursuant to FINRA Rule 9216, Respondent Aegis Capital Corp. (Aegis) submits this Letter of Acceptance, Waiver, and Consent (AWC) for the purpose of proposing a settlement of the alleged rule violations described below. This AWC is submitted on the condition that,

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10/17/2025: Since 2019, Aegis has paid several million dollars to its corporate parent and recorded those payments as expenses, rather than properly accounting for those payments in net capital computations and FOCUS filings as distributions. As a result, Aegis kept inaccurate books and records in violation of Securities Exchange Act of 1934 § 17(a) and Rules 17a-3 and 17a-5, and FINRA Rules 4511 and 2010. Aegis also failed to reasonably supervise the preparation of its books and records in violation of FINRA Rules 3110 and 2010.

Reference 2020068891501data-portal.finra.orgfinra.org

03/10/2021: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 2017054188601 TO: Department of Enforcement Financial Industry Regulatory Authority (FINRA) RE: Aegis Capital Corp., Respondent Member Firm CRD No. 15007 Pursuant to FINRA Rule 9216, Respondent Aegis Capital Corp. (“Respondent,” the “Firm” or “Aegis”) submits this Letter of Acceptance, Waiver and Consent (“AWC”) for the purpose of proposing a settlement of the alleged rule violations described below.

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03/06/2017: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT No. 2014039874901 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp., (the "firm" or "Respondent") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations described

Reference 2014039874901finra.orgdata-portal.finra.org

06/23/2014: FINANCIAL INDUSTRY REGULATORY AUTHORITY LETTER OF ACCEPTANCE, WAIVER AND CONSENT NO. 20110300771-01 TO: Department of Market Regulation Financial Industry Regulatory Authority ("FINRA") RE: Aegis Capital Corp., Respondent Broker-Dealer CRD No. 15007 Pursuant to FINRA Rule 9216 of FINRA's Code of Procedure, Aegis Capital Corp. (the "firm") submits this Letter of Acceptance, Waiver and Consent ("AWC") for the purpose of proposing a settlement of the alleged rule violations

Reference 2011030077101data-portal.finra.orgfinra.org