Former Aegis Capital Broker Brian Court Reportedly Involved in Multiple Customer Disputes
The White Law Group is investigating potential securities claims involving former Aegis Capital Corp. advisor Brian Kenneth Court (CRD#: 2591547), based on numerous customer complaints and a recent regulatory action filed by FINRA.
According to FINRA BrokerCheck, Court was registered as a broker for nearly three decades, most recently with Aegis Capital Corp. in Melville, New York, from 2014 until early 2024. His registration history also includes stints at J.P. Turner & Company, GunnAllen Financial, Investec Ernst & Company, and Royce Investment Group.
FINRA Sanctions Brian Court for Discretionary Trading
In May 2025, FINRA reportedly sanctioned Court for allegedly exercising discretion in 10 customer accounts without the required written authorization. Although the clients were reportedly aware of the trading activity, they had not provided written consent, and Court’s member firm had not accepted these accounts as discretionary.
Without admitting or denying the findings, Court agreed to a one-month suspension, effective from June 2, 2025, through July 1, 2025. Due to his financial condition, no monetary penalty was imposed.
Multiple Settled Customer Disputes
FINRA BrokerCheck shows that Court has nine total disclosures, including six settled customer disputes and a bankruptcy filing in 2023. The complaints allege a range of serious issues, including:
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Unauthorized trading
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Churning (excessive trading)
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Misrepresentation and omission of material facts
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Negligence
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Failure to conduct adequate due diligence
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Unsuitable investment recommendations
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Overconcentration of investments
Notable disputes include:
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A $150,000 settlement in November 2023 involving allegations of unsuitable recommendations and misrepresentations dating back to 2015.
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A $40,000 settlement in November 2023 involving unauthorized trading and excessive transactions from 2016–2022.
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A $34,500 settlement in 2021 related to claims of unsuitability, churning, and breach of fiduciary duty.
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A $67,500 settlement in 2010 for allegations of churning and unauthorized trading tied to nearly $700,000 in claimed damages.
While Court has denied the allegations in several of these cases, the repeated nature and dollar amounts involved may raise red flags for investors.
Recovering Investment Losses through FINRA Arbitration
When brokers violate securities laws or FINRA rules—by recommending unsuitable investments, failing to perform due diligence, or engaging in unauthorized trading—investors may be entitled to recover losses.
The FINRA arbitration process provides a forum for investors to pursue claims against brokerage firms and registered representatives. Claims are typically filed against the brokerage firm itself, which is responsible for supervising its advisors.
Free Consultation with a Securities Attorney
If you suffered investment losses working with Brian Court or another former Aegis Capital Corp. advisor, The White Law Group may be able to help. Our firm has handled over 800 FINRA arbitration cases nationwide and helps investors recover damages caused by broker misconduct.
Call us at 888-637-5510 for a free consultation or visit www.whitesecuritieslaw.com to learn more about your options.
Frequently Asked Questions (FAQs)
1. What does it mean when a broker is sanctioned by FINRA?
A FINRA sanction usually follows an investigation into misconduct. Sanctions can include fines, suspensions, or permanent bars. In Court’s case, FINRA suspended him for using discretion in customer accounts without proper authorization.
2. Can I sue a financial advisor personally for investment losses?
Most claims are brought against the advisor’s brokerage firm, which is responsible for supervising its employees. However, individual liability may apply in some cases.
3. How long do I have to file a claim?
There are time limits (statutes of limitation) for filing claims, so it’s important to speak with an attorney as soon as you suspect wrongdoing.
